Wills and Estates Flashcards
Decedent
Dead person
Descendant
children, grandchildren, etc.
Ascendant/ancestor
parents, grandparents, etc.
Collateral heir/kin
relatives who stem from a common ancestor, like siblings or cousins.
Testator/Testatrix
the person whose assets are being disposed of by will
Probate
the legal process by which a person’s assets and legal obligations are resolved, after death.
Testamentary gift or devise
Assets disposed of by will.
Devisee or beneficiary
one who inherits assets from an estate
Specific gift
A specific devise of money or property to a particular individual
Residual estate
All property in the estate that was not devised to particular individuals.
Personal representative
The person who manages the probate process
FL does not use the term “executor”
Intestacy
the distribution of assets upon death, when there is NO will or trust
For intestacy, Florida law is attempting to follow what?
common sense
“If the average person died without a will, what would he probably want us to do with his stuff?”
Per stirpes
When assets are distributed to descendants, they are split evenly at the first generational level.
Florida follows what per stripes rule?
Strict per stirpes - minority position on distribution to descendants.
Strict per stirpes
Assets are distributed under strict per stirpes, meaning at the first generational level, regardless of whether there are any living takers
Normally, what is the Intestate share of surviving spouse? What key facts are we looking for that would reduce spouse’s share?
In many cases, the surviving spouse will inherit the entire estate when there is no will or trust. We are on the lookout for non-marital children (or other descendants) on either side.
Scenario 1: (No descendants): There is a surviving spouse and no descendants.
Surviving spouse takes the entire estate.
Scenario 2: (Only marital descendants): There is a surviving spouse and all descendants (children, grandchildren) are from the marital couple.
Surviving spouse takes the entire estate.
Scenario 3: (Dead person has children outside the marriage): There is a surviving spouse and the decedent has descendants from outside of the marriage.
Surviving spouse takes 1/2 and the descendants of the decedent take 1/2 per stirpes.
NOTE: This is true, irrespective of whether there are also marital descendants. The marital descendants will benefit along with the non-marital descendants.
Scenario 4: (Spouse has children outside the marriage, Dead person has marital children only): There is a surviving spouse, all of the descendants of the decedent are from the marriage, and the spouse has descendants from outside of the marriage.
Surviving spouse takes 1/2 and the descendants of the decedent take 1/2 per stirpes.
Here, we don’t want to give 100% to the spouse, because she will provide for her non-marital descendants.
Scenario 5: (Spouse has kids outside the marriage, Dead person has no descendants). There is a surviving spouse, the decedent has no descendants, and the spouse has some descendants from outside the marriage.
Surviving spouse takes the entire estate. The decedent has no descendants that need to be protected, so we give 100% to the spouse.
Whatever assets are not given to the surviving spouse are distributed to the other heirs in the following order, until a taker is found:
- Descendants, per stirpes (which means strict per stirpes!);
- Parents;
- Brothers and sisters and their descendants, per stirpes;
- Grandparents and their descendants, per stirpes (one-half to maternal, one-half to paternal);
- Kindred of the last deceased spouse;
- Escheat to the state.
Adopted children are treated _________ as natural children of the adopting parents. Adopted children (DO/DO NOT) inherit from their natural families.
Adopted children are treated THE SAME as natural children of the adopting parents. Adopted children DO NOT inherit from their natural families.
EXCEPTION: Children adopted after a natural parent _______________ can still inherit from the natural parent’s _______________.
EXCEPTION: Children adopted after a natural parent DIES can still inherit from the natural parent’s FAMILY.
Non-martial children/Children born out of wedlock are heirs of the _______________ but not of the _______________.
Non-martial children/Children born out of wedlock are heirs of the MOTHER but not of the FATHER.
Name the 3 exceptions to the rule that non-martial children are not heirs of their father.
- A natural parent participated in a marriage ceremony (before or after birth), even if that marriage turned out to be void; or
- The father acknowledged paternity in writing; or
- Paternity was established by court adjudication (e.g., by paternity test).
Half-bloods
Half-bloods are brothers and sisters who have only one common parent.
For purposes of inheritance from collateral-kin (e.g. siblings), half-bloods take _____________as much as whole bloods.
For purposes of inheritance from collateral-kin (e.g. siblings), half-bloods take HALF as much as whole bloods.
What is a will?
A will is an instrument executed with certain formalities, which is “testamentary in character.”
What does executed mean?
“Executed” means “signed”. When you “execute” a contract, a will, or other legal document, it means you finalize the signing process. Execution does not mean performance.
When is a will revocable? When is it operative?
It is revocable during life and operative upon death.
In Florida, how many witnesses are required to witness testator sign will? Can they be minors?
In Florida, a will must be signed at the end by the testator in the presence of 2 witnesses. The witnesses can be minors!
How must witnesses sign the will?
The witnesses must sign in the testator’s physical presence and in the physical presence of each other.
How can the testator sign the will?
The testator can sign in front of witnesses, or alone without witnesses present, if she acknowledges her signature later to the witnesses.
What if testator is unable to sign?
If the testator is unable to sign, someone else can sign her name for her. This must be done at the testator’s direction and in her presence.
Does a notary need to be present or sign the will?
Ordinarily, wills do NOT require the presence or signature of a notary. However a notary signature is required in some specific circumstances such as a self-proving will or an electronic will
At common law, can a beneficiary act as a witness?
At common law, a beneficiary cannot act as a witness to a will. We call them an interested witness because they have an interest in the outcome of the will (and an incentive to lie).
In Florida, can a beneficiary act as a witness?
Florida has abolished the common law rule. An interested witness can still inherit under the will.
What is an oral will?
An oral testamentary statement.
What is a holographic will?
A hand-written testamentary instrument, signed by the testator, with NO witnesses
Does FL recognize oral or holographic wills?
Florida does NOT recognize oral or holographic wills under any circumstances.
However, a hand written will that complies with all other formalities (signed and witnessed) is acceptable! There is just no “loosened” standard for hand-written wills.
When can an extrinsic document be incorporated by reference into a will?
An extrinsic document can be incorporated by reference into a will if:
- It exists at the time of execution;
- It is sufficiently described in the will; and
- The will manifests intent to incorporate the document.
What is the one exception to the requirement that the document needs to exist at the time of execution to be incorporated by reference?
EXCEPTION: There is one scenario where you can incorporate an extrinsic document that does not exist at the time of execution. The testator may produce a list of specific tangible personal property to be distributed to specific persons. The testator may incorporate this list into his will, and thereafter create or modify this list at any time.
What does a Self-proving affidavit do?
A self-proving affidavit removes the need to bring witnesses to court to authenticate the signatures at probate.
What are the requirements to execute a self-proving affidavit?
The testator and the attesting witnesses sign the will, and then sign a sworn affidavit before a notary public reciting that the testator declared to the witnesses that the instrument was her will, and that the testator and the witnesses all signed in the presence of each other, present at the same time.
Basically, it is an affidavit affirming that the will was executed properly.