slayer statute and renunciation Flashcards

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1
Q

What issue does slayer statute and renunciation also bring?

A

lapse issue

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2
Q

slayer statute

A

One who feloniously and intentionally kills the decedent is not entitled to any benefit from decedent’s estate by will, intestacy, life insurance K or otherwise.
Property passes as if killer predeceased decedent.
Jointly held property w/right of survivorship passes half to killer and half as if killer predeceased decedent.

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3
Q

renunciation

A

Before acceptance, an heir, devisee or appointee of a power of appointment may renounce his interest in writing in whole or in part win 9 months after the death of decedent.
Renunciation results in property passing as if renouncing party predeceased decedent, unless will provides otherwise.

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