Probate Ch 1-2

Question 1

Will

Answer 1

Written document where creator disposes of property

Question 2

Testator

Answer 2

Dies with a valid will

Question 3

Beneficiary

Answer 3

Person who receives property

Question 4

Ambulatory

Answer 4

Binding only upon death

Question 5

Estate

Answer 5

Totality of deceased’s property

Question 6

Personal representative

Answer 6

Person who administers deceased estate

Question 7

Tangible personal property

Answer 7

Can be touched

Question 8

Intangible property

Answer 8

Cannot be touched

Question 9

Owned severally

Answer 9

One person

Question 10

Probate assets

Answer 10

Requires probate court to distribute

Question 11

Non-probate assets

Answer 11

Property passes by matter of law

Question 12

By operation of law

Answer 12

Automatically

Question 13

Estate planning

Answer 13

How assets will be distributed

Question 14

Mere expectancy

Answer 14

Named beneficiary expects it but doesn’t get it until death

Question 15

Poor man’s will

Answer 15

Property to themselves and children with life tenant

Question 16

Revocable

Answer 16

Take back

Question 17

Joint tenancy

Answer 17

2 or more equal ownership

Question 18

Tenancy in common

Answer 18

Different dates, sources, interest, or rights.

Question 19

Community property

Answer 19

Acquired by husband and wife during marriage

Question 20

Life estate

Answer 20

Use the property until death

Question 21

Life estate pur autre vie

Answer 21

Life estate held in the life of another