TAILIEUCHUNG - Lecture Business law with UCC applications (13/e): Chapter 31 - Brown, Sukys

Chapter 31 - Wills, trusts, and advanced directives. After completing this chapter, students will be able to: Give details about the sources of probate law and its relevance to bus i ness entities, explain the formal requirements for executing a will, determine whether a person who makes a will has the capacity to do so,. | Business Law with UCC Applications,13e Wills, Trusts, and Advanced Directives Chapter 31 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives Give details about the sources of probate law and its relevance to bus i ness entities. Explain the formal requirements for executing a will. Determine whether a person who makes a will has the capacity to do so. Compare the protection of children with the protection of spouses under the law of wills. Identify the different methods of revoking or changing a will. Learning Objectives (cont.) Explain the three grounds for contesting a will. Describe who will inherit the property of someone who dies without a will. Describe the steps to be taken by an executor or administrator in settling an estate. Discuss the types and purposes of advance directives. Differentiate among the various types of trusts and determine when they might be used. Wills, Trusts, and Advanced Directives Sources and .

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