changes to beneficiaries Flashcards
1
Q
if gift does not survive decedent
A
gift lapses
2
Q
anti-lapse statute
A
gift goes to descedants of beneficiary who survives testator
3
Q
omitted spouse or premerited children
A
if before- intestate share; does not apply if intentional
4
Q
if child is born after execution of the will
A
child is entitled to intestate share of the testator’s intent or largest that other kid gets
5
Q
ademption by extinction
A
a will makes a specific devise or bequest of property and it is not in the estate
6
Q
ademption by satisfaction
A
transfers property during beneficiary’s lifetime
7
Q
no exoneration of liens
A
8
Q
abatement
A
not enough to pay creditors so creditors are paid by personal proeprty first, then real property
