Successions

Question 1

Term

Answer 1

Formula/Definition

Question 2

Net Estate

Answer 2

D - L = N

Question 3

Active Mass

Answer 3

N + D = AM

Question 4

Forced Portion (1 Heir)

Answer 4

AM × 1/4

Question 5

Forced Portion (2+ Heirs)

Answer 5

AM × 1/2

Question 6

Disposable Portion

Answer 6

AM - Forced Portion

Question 7

Forced Heir

Answer 7

A first-degree descendant of the decedent who is 23 years of age or younger at the time of the decedent’s death, OR a descendant who is permanently incapable of taking care of their person or managing their estate due to a congenital or inherited condition.

Question 8

Disposable Portion

Answer 8

AM - Forced Portion

Question 9

Collation

Answer 9

Bringing back gifts given during the decedent’s lifetime into the estate.

Question 10

Collatable Gifts

Answer 10

Money, Real Estate, Business Interests, Valuable Property, Debt Forgiveness, Excessive Education Expenses

Question 11

Not Collatable Gifts

Answer 11

Customary Gifts, Gifts Expressly Exempted, Education & Maintenance Expenses, Modest Parental Assistance

Question 12

Example: One Forced Heir

Answer 12

AM = 100,000 → Forced Portion = 25,000, Disposable Portion = 75,000

Question 13

Example: Two Forced Heirs

Answer 13

AM = 100,000 → Forced Portion = 50,000, Each Heir Gets 25,000, Disposable Portion = 50,000