Will Distribution of Property Flashcards
1
Q
A will takes effect and is construed…
A
…at the time of testator’s death.
2
Q
A beneficiary listed in a person’s will does NOT…
A
…have any interest in the estate property prior to person’s death.
3
Q
Per Stirpes Distribution
A
- Property is divided at first generational level (even if no living)
- Decased shares pass by representation
Issue take in equal portions the share their deceased ancestor would have taken if living.
4
Q
Per Capita by Representation
(modern per stirpes)
A
- Property is divided into equal shares at first generation with living takers.
- Shares of each deceased pass to issue through right of representation.
5
Q
Per Capita at Each Generational Level
UPC
A
- Initial division of shares is made at first generational level with living takers
- remaining shares of surviving descendants are combined and distributed equally at next gen level
6
Q
Heirship Civil-Law Consanguinity
A
All persons in same degree of relationship of decased take equal shares.
7
Q
Heirship Parentelic Method
(adopted by UPC)
A
Assets are passed in following order: spouse, descendants, parents, siblings, nieces and nephews.