Property Ownership, Transfer of Title and Land Use 11.9

Question 1

What are the Requirements for a Valid Will: 1

Answer 1

The maker (the testator) must be of legal age & sound mind.

It must be a free and voluntary act; the maker must be under no undue influence.

The signing of the will must be witnessed by two or more people in most states.

Question 2

What are the Requirements for a Valid Will: 2

Answer 2

A codicil is a modification of or an amendment to a will.

A holographic will is in its maker’s own handwriting.

A nuncupative will is given verbally by its maker.

Question 3

Note:

Answer 3

Some states do not permit property to be conveyed by verbal or handwritten wills.

Question 4

When a person dies intestate; without a will, a title is transferred by

Answer 4

The law of descent and distribution determining to whom ownership passes.

The laws of intestate succession vary from state to state.

Question 5

Probate proceedings are for?

Answer 5

The proper distribution of the assets of the deceased. Probate proceedings only affect those assets that do not otherwise distribute themselves by their title.

Probate takes place in the county where the decedent resided.

Question 6

An administrator is appointed if there is no will designating an executor, sometimes referred to as?

Answer 6

“personal representative”.