Wills and Estates Flashcards
Decedent
person who has died
will
legal doc used to dispose of someone’s prop after they die
testate
decedent dies with a will
intestate
decedent dies without a will; leads to system of intestate succession
codicile
supp that either amends or revokes a will in whole or part
probate
judicial process for administering decedent’s estate.
intestate succession
default estate plan; developed by leg; for distributing prop when decedent dies intestate
heirs
individuals entitled to receive prop via intestate succession; living people do not have heirs.
devisee
if you are entitled via a will (rather than intestate)
spouse
decedent’s marital partner
issue decedent?
decedent’s lineal line going down
ancestors
decedent’s parental line
collaterals
decedent’s relatives through an ancestor
for intestate succession, does decedent’s intent matter?
no
must an heir survive the decedent to take by intestate succession?
Yes
Simultaneous death
UPC: Uniform Simultaneous Death Act: When decedent and heir die at same time, if insufficient evidence as to who died first, prop will pass as if each had predeceased each other. Heir must be proved by clear and convincing evidence to have survived decedent by 120 hours.
Who qualifies as spouse for intestate succession?
Legally married partner. Not unmarried cohabitants.
Spouse + shared descendants: Decedent survived by descendant who are also descendants of surviving spouse. Surviving spouse has no other descendants.
Surviving spouse takes entire estate.
Spouse + parent: Decedent survived by parent but no descendant (and spouse).
Surviving spouse takes $300,000 + 75% of the remaining estate. 25% goes to the parent.
Spouse + shared descendants + spouse’s kids: Decedent survived by descendants who are also of the surviving spouse, and spouse has other issue (kids from other relationship).
Spouse takes $225,000 and 50% of remaining prop
Spouse + nonspousal kids: Decedent survived by issue not related to surviving spouse.
Spouse gets $150,000 + 50% of remaining estate.
Just spouse survives
Takes entire estate
What if decedent dies without heirs?
Escheats to the state
The issue relationships
There must be a parent-child relationship (biological or adopted). Step-parent adoption: adoption will not prevent adoptee from inheriting from the other natural parent. Post-humously born child: born after death of mother’s husband; if born within 280 days of death, rebuttable presump that child is husband’s and will inherent from him; if more than 280, will have to prove parentage; Uniform Parentage Act increases amount to 300 days.
Systems for calculating issue share
- Per stirpes 2. Per capita with rep 3. Per capita at each gen
Per stirpes
CL rule. Divides shares equally by total number of children who survive or leave issue who survive. Issue take in equal shares regardless of whether anyone in that generation survived.
Per capita with rep
Divide prop equal at first gen a member survives. If someone at that generation dead, still allowing their issue to stand in their place. If not survived by issue, get no share.
Per capita at each gen
UPC approach. Divide prop equal at first gen a member survives. But then don’t pass by rep; Pools what’s left and drops down to next gen dividing equal (so you take what same people at your generation take rather than how many siblings you have).
Formal will execution reqs
- Signed writing 2. Witnesses 3. Testamentary intent
Formal will execution reqs
- Signed writing 2. Witnesses 3. Testamentary intent
Signing req for formal will
Entire will must be written or typed and signed by testator. UPC does not allow oral wills (including audio or video recordings). Has to be signed by testator. In some states at end of doc. In others (UPC included) can be located on any part of the will (must intend for name to be signature), but any words after the signature will not be given effect. Formal signature not required. Just has to indicate their intent to make and sign that will.
Competency wrt testator
Must be at least 18 and of sound mind. Measured at time of signing. If you become incompetent later, no effect on validity of will.
Witnesses req for formal will (attestation req)
Most states require it signed in presence of at least 2 witnesses. Witnesses must also sign doc but not necessarily at same time. Most jx say testator must sign or acknowledge it in presence of witnesses and they must sign in his presence. UPC says they must sign within a reasonable time of the original signature by the testator, so doesn’t need to be in each others’ presence. In the presence: Old rule - line of sight: basically be in the same room Modern rule - conscious presence: must be aware act is being performed even if can’t see it. (UPC adopts this only for situation where will signed by another on behalf of testator.) Ex: over phone not enough.
COI wrt witnesses and will
Interest: witness has direct financial interest in the will. CL: Interested witness not competent to witness the will. Purge theory adopted by states: If witness has direct financial interest, still valid will, but purge any excess they would get other than from intestate succession. Wouldn’t purge if there were 2 other disinterested witnesses though. Or if interested witness would take a larger share under intestate succession, then would take the lesser of the two–not really an interested witness any more. UPC has abolished interested witness doctrine.
Present testamentary intent wrt formal wills
Testator must have present intent to make a testamentary transfer.
Do you need to adhere to formal wills reqs strictly?
CL (majority rule): strict adherence to formalities Modern (UPC) (minority view): strict compliance not required, need sub compliance; can still admit if clear and convincing evidence if they intended the doc as a will
Informal wills (hallographic wills)
Informal handwritten will. Need not be witnessed. Must be signed though. Some jx: Any markings not in his handwriting invalidate the will. (Creates a problem with form wills.) UPC: Only requires that material provisions be in his handwriting. Material = identifying prop, who will take it, what amount, etc. (Makes form wills ok.) Look for words of intent. UPC says can look at extrinsic evidence to glean intent.