Nat 12 Flashcards
Court proceeding that validates the will, totals the assets of the deceased and distributes them to the heirs
Probate
Decedent dies with a will
Testate
Decedent dies without a will, property passes to the heirs according to law
Intestate
Completely handwritten by the testator
Holographic will
Oral will
Nuncupative will
Transfer of real property through a will
Devise
Transfer of real property from person who dies intestate
Descent
A gift of personal property through a will
Bequest
Forced transfer threw
Eminent domain
Adverse possession
Foreclosure proceedings
Involuntary alienation
An uncoerced transfer by gift or deed
Voluntary alienation
Ownership by one person
Severalty ownership
Shared ownership by two or more people having the right of survivorship
Joint tenancy
Co-ownership by two or more people with no right of survivorship
Tenancy in common
Legal action used to terminate a tenancy in common or joint tenancy
Suit for partition