Methods of Ownership transfer Flashcards
Court appointed personal representative of the state for someone who dies intestate (without a will)
Administrator/administratrix
A person appointed any will to carry out the terms of the world and to dispose of any property pursuant to the provisions of the world
Executor/executrix
Assets passed down to individuals after someone dies
Inheritance
A person who dies without making a well, causing there a state to pass on by the laws of descent and distribution
Intestate
The transfer of title to property during the owners lifetime without their consent
Involuntary alienation
The legal process of determining the validity of a will, paying the dates of the deceased, and distributing the remaining assets
Probate
Someone who has died and left a will
Testate
Someone who made a will or given a legacy
Testator
A fiduciary relationship in which one party gives another party the right to hold title to property or assets for the benefit of a third-party
Trust
They deliver it transfer a title to property through the sale, gift, dedication, or Grant
Voluntary alienation