Wills Flashcards
Die testate?
Die intestate?
Testate- with will
Intestate- without a will
What is probate?
Person dies, estate distributed through probate. All liabilities paid with assets, remaining property goes to heirs
Valid will?
Been written by someone of legal age, who is of sound mind, and meets state requirements.
Executor
Executrix
Is party named to settle estate
Male
Female
Who is the testator?
Writer of the will
Devise
Is to leave real property to someone in the will
Devisee
Is the title of the person receiving real property through a will
Bequest
Legacy
B- is a gift left in a will
L- is money that is left to someone in a will
Descent
Method of receving real property when someone has died intestate.
Laws where property is located rule
Holographic will
Handwritten will that is legal in many states
Nuncupative will
Oral will on death bed, 2 witness’s.
