Chapter 5 Flashcards

1
Q

Abatement

A

Process of selling estate property to pay debts

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Ademption

A

Loss of a testamentary gift because the testator no longer owns the property at his or her death

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Advancement

A

Inter vivos gift to children in anticipation of their share of the parent’s estate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Anti-lapse statute

A

State law providing that gifts to deceased heirs go to those person’s heirs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Attestation

A

Clause signed by witnesses to a will.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Beneficiary

A

Recipient of personal property under a will

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Bequest

A

Testamentary gift of personal property

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Codicil

A

Formal document used to amend a will

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Demonstrative legacy

A

Testamentary gift of money from a particular source

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Dependent relative revocation

A

Court doctrine holding that if a later will is found invalid, an earlier valid will shall be probated

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Devise

A

Testamentary gift of real property

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Devisee

A

Recipient of testamentary gift of real property

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Durable power of attorney:

A

Power of attorney that takes effect upon execution and lasts despite the incapacity of the principal

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Execution of a will

A

Formal signing and witnessing of a will

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Exordium

A

Introductory paragraph of a will

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Fraud

A

Misrepresentation to induce a person to sign a will

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

General revocatory clause

A

Will provision revoking earlier wills and codicils

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Will provision revoking earlier wills and codicils

A

Document appointing another to make health care decisions for the principal

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Holographic Will

A

Will written in the testator’s own hand

20
Q

In terrorem clause

A

Anti-contest clause

21
Q

Incorporation by reference

A

Including terms of an independent document by making specific allusion to in another document

22
Q

Joint will

A

One will used for two persons

23
Q

Legacy

A

Testamentary gift of money

24
Q

Legatee

A

Recipient of money under a will

25
Lapse
Provision in a will indicating that if a recipient of a gift under the will predeceases the testator, the gift forms a part of the testator’s residuum.
26
Living Will
Instrument indicating a person’s wishes with respect to life termination should he be unable to speak for himself
27
Marital deduction
Tax provision permitting property that goes to a surviving spouse to go tax free
28
Menace
Threats used to induce a person to sign a will
29
Mortmain Statute
Law limiting charitable gifts under a will
30
Mutual will
Identical wills executed by two persons
31
Nuncupative will
Oral will permitted in limited situations
32
Power of attorney
Authorization for one person to act on another’s behalf
33
Pretermission
Omitting mention of a child or issue in a will; the omitted child or issue is entitled to an intestate share of the estate
34
QTIP trust
Special trust that qualifies for a marital deduction
35
Residuum
The residuary estate
36
Self-proving will
Will with affidavit of attesting witnesses attached
37
Simultaneous death clause
Provision indicating how property is to be distributed if the testator and the heir die in a common disaster
38
Slayer Statute
Law prohibiting a murderer from inheriting from his or her victim.
39
Springing power of attorney
Power of attorney that takes effect at some point in the future
40
Statutory will
Form will appearing in the state statutes
41
Stored Communications Act
Federal statute authorizing service providers to release covered information to appointees
42
Testamentary capacity
Knowing the nature and extent of one’s property and the natural bounty of one’s affections
43
Testimonium
Last clause in a will
44
Undue influence
Ability of a person in a close relationship to the testator to use that position to cause the testator to make a particular testamentary disposition
45
Will contest
Legal challenge to the validity of an instrument filed for probate