Week 6 Wills & Estates Flashcards
a proportional reduction of a devise when estate assets are not sufficient to pay it in full
abatement
the extinction or withdrawal of a devise because decedent did not own the named property at the time of death
ademption
an addition or amendment of a last will and testament executed with the same formality of the will
codicil
a gift of real or personal property by will
devise
the person who receives a devise
devisee
forfeiture of a decedent’s property to the state in the absence of heirs
escheat
one who inherits, or is entitled to receive property by laws of intestacy
heir
a will written entirely by the hand of the testator
holographic will
the state or condition of dying without having made a will
intestate (intestacy)
the method used to distribute property owned by a person who dies without a valid will
intestate succession
will declared or dictated by testator during last illness before appropriate witnesses to dispose of personal property and afterwards reduced to writing (not valid in all states)
nuncupative will
the method of dividing an estate by which an equal share is given to each of a number of persons, all of whom stand in equal degree of kindred to the decedent
per capita
the method of proportionately dividing an estate between beneficiaries according to their deceased ancestor’s share
per stirpes
the omission or cancellation of an instrument, act, license, or promise
revocation
the condition of leaving a will at death
testate