Will Distribution of Property Flashcards

1
Q

A will takes effect and is construed…

A

…at the time of testator’s death.

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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.

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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.

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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.
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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
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6
Q

Heirship Civil-Law Consanguinity

A

All persons in same degree of relationship of decased take equal shares.

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7
Q

Heirship Parentelic Method

(adopted by UPC)

A

Assets are passed in following order: spouse, descendants, parents, siblings, nieces and nephews.

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