Which of the following statements about wills is true?

Prepare for the Delaware Wills and Trusts Test. Utilize flashcards and multiple-choice queries, with each question offering hints and clarifications to help you excel in your exam!

The statement that wills can be changed or revoked during the testator's lifetime is indeed true and reflects a fundamental principle of estate planning. A testator, which is the legal term for a person who makes a will, retains the right to modify their will as their circumstances, wishes, or relationships change. This includes the ability to add new provisions, remove outdated directives, or entirely revoke the will and create a new one. This flexibility allows individuals to adapt their estate plans to better align with their current intentions and life situations, such as marriage, divorce, the birth of children, or changes in financial status.

In the context of will creation, the other statements are not accurate for various reasons. For instance, there is no age limit of 30 for making a will; laws typically set the minimum age at 18. While testators often desire their assets to be distributed as outlined in their will, it is essential to note that some assets may not be governed by the will, such as those specifically given through beneficiary designations, resulting in possible deviations from the will. Lastly, although many jurisdictions require witnesses to validate a will, certain scenarios or types of wills (such as holographic wills) may not necessitate this formal requirement. Thus

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy