BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -an oral will is recognized in some states if proclaimed during the maker’s last illness or by service personnel on active duty. However, the will must be witnessed and reduced to writing. It often is limited to controlling the distribution of personal property.

Detailed explanation-2: -A nuncupative will, also called an oral or verbal will, is a type of will that’s delivered verbally to witnesses (instead of being written down). Nuncupative wills are usually given by people who are on their deathbed.

Detailed explanation-3: -Under New York Estates, Powers and Trusts Law § 3-2.2, a nuncupative will is valid in New York only if it was heard by at least two witnesses and it was made by: a testator who is a member of the U.S. armed forces while in actual military or naval service during a time of armed conflict.

Detailed explanation-4: -Nuncupative or oral wills do not count as valid last wills in the state of California. They matter in a few states, but they are usually accepted only under reasonably specific circumstances, such as a soldier writing down his last wishes before dying as a combatant in another country.

Detailed explanation-5: -Testator: Someone who writes and executes (signs) a will. Testatrix: The old-fashioned term for a female will-writer. Trustee: Someone who has legal authority over the assets in a trust.