OWNERSHIP: SECTION 16, TRANSFER OF PROPERTY BY WILL

Question 0

What does it mean to die “TESTATE”?

Answer 0

To have died with a valid will in place.

Question 1

What are the conditions for a person to have a valid will?

Answer 1

1) Must be of legal age

2) Must have a sound mind

Question 2

What does it mean to have died “INTESTATE”?

Answer 2

To have died without a valid will and place.

Question 3

Who is the “TESTATOR”?

Answer 3

The deceased person who had made a will.

Question 4

What is the definition of “DEVISE”?

Answer 4

Transfer of Real Estate (Real Property) through a will.

Question 5

What is the definition of “DEVISEE”?

Answer 5

Receiver of real property through a will.

Question 6

What is the definition of “BEQUEST”?

Answer 6

The transfer of personal property through I will.

Question 7

What is the definition of an “EXECUTOR”?

Answer 7

The person named in the will to carry out conditions of the will.

Question 8

What is the definition of “EXECUTORS DEED”?

Answer 8

The type of deed used to transfer property to those named in the will.