Themis Essay 5762 Flashcards

1
Q

A decedent’s personal estate generally includes

A

property owned outright by the decedent at the time of his death.

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2
Q

Property that passes automatically by law upon death

A

is not included in a decedent’s personal estate.

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3
Q

In order to inherit a decedent’s property or for a transfer upon death to occur,

A

a person must survive the decedent by 120 hours.

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4
Q

If co-tenants die within a 120-hour period,

A

the property is divided among them.

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5
Q

Virginia law states that a valid will governs

A

the disposition of a decedent’s estate.

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6
Q

A person must survive the decedent by 120 hours in order to

A

inherit as a beneficiary under a will.

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7
Q

A gift to a predeceased beneficiary

A

lapses (fails), but if an alternative beneficiary is named, then they will take the gift.

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8
Q

“Per stirpes” means

A

the entire estate is divided by the total number of children who survive or leave surviving issue.

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9
Q

Under per stirpes, the surviving children

A

take the share their parent would have received in equal portions.

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10
Q

If a person dies without a will,

A

Virginia intestacy statutes will govern the distribution of the intestate’s property.

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11
Q

If an intestate has surviving descendants but no surviving spouse,

A

the descendants will inherit the intestate’s entire estate.

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