Probate Ch 1-2 Flashcards
1
Q
Will
A
Written document where creator disposes of property
2
Q
Testator
A
Dies with a valid will
3
Q
Beneficiary
A
Person who receives property
4
Q
Ambulatory
A
Binding only upon death
5
Q
Estate
A
Totality of deceased’s property
6
Q
Personal representative
A
Person who administers deceased estate
7
Q
Tangible personal property
A
Can be touched
8
Q
Intangible property
A
Cannot be touched
9
Q
Owned severally
A
One person
10
Q
Probate assets
A
Requires probate court to distribute
11
Q
Non-probate assets
A
Property passes by matter of law
12
Q
By operation of law
A
Automatically
13
Q
Estate planning
A
How assets will be distributed
14
Q
Mere expectancy
A
Named beneficiary expects it but doesn’t get it until death
15
Q
Poor man’s will
A
Property to themselves and children with life tenant
