A Totten Trust Is Created to Avoid Fraud
A Totten trust is created to avoid fraud.
Which of the following debts in an estate is liable for if owed by the decedent at the time of death? A) All of the decedent's debts B) Only debts secured by the decedent's property C) Only debts covered by the statute of frauds D) Only consumer debts
When Rita Ryan died,she left a will naming her children,John and Dale,as the sole beneficiaries.In her will,Rita designated John as the executor of her estate and excused John from posting a bond as executor.At the time of Rita's death,she owned a parcel of land with her sister,Ann,as joint tenants with right of survivorship.With respect to Rita's interest in the land,it will pass to: A) John and Dale outside Rita's estate by right of survivorship. B) John and Dale through Rita's estate after the will is probated. C) Ann through Rita's estate after the will is probated. D) Ann outside Rita's estate by right of survivorship.