Chapter 20 - Transfer of Title Flashcards
___ ___ is the actual,visible, hostile, notorious, exclusive, and continuous possession of another’s land under a claim of title.
Adverse possesion
Statues dealing with how title to real estate and personal property passes when owner dies intestate, is ___.
Descent
___ is a male person, corporate entity,or any other type of organization designated in a will to carry out its provisions. female version is an ___.
Executor. - executrix.
___ is one who inherits property under a will; one who will inherit under the state law of descent when someone dies intestate.
Heir
The condition of a property owner who dies without a will, is ___.
Intestate
Transfer of property without owners consent, usually carried out by operation of the law, ranging from government condemnation of land for public use to a sale of property to satisfy delinquent tax or mortgage liens is called ___ ___.
Involuntary alienation
The ___ ___ and ___ is an instrument made by an owner to voluntarily convey title to the owner’s property after his or her death.
Last will and testament
The judicial proceeding to confirm the validity of a will is called ___.
Probate
Dies with a will is ___.
Testate
One who signs a will is a ___.
Testator
Transfer of title made by gift, sale or exchange is ___ ___.
Voluntary alienation
The possession of land by someone who claims to own at least an estate for life therein is ___.
Seisin
Is another means of involuntary transfer when someone takes possession and uses the land of another is known as ___ ___.
Adverse possession
The ___ is named by the court if no executor is named to oversee Administation and distribution of the estate.
Administrator