Wills Pt. 1 Flashcards

1
Q

Legal declaration of a persons intent to distribute property after his/her death

A

Will

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2
Q

Related by blood

A

consanguinity

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3
Q

Related by marriage

A

Affinity

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4
Q

A person who dies without a valid will

A

Intestate

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5
Q

Death without a valid

A

Intestacy

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6
Q

A document that will formally amend a will

A

codicil

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7
Q

a form of joint tenancy that is only available to a husband and wife

A

tentant by the entirety

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8
Q

Ownership in property by two or more persons in which each owner has an undivided interest in the property without a right of survivorship

A

Tenancy in common

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9
Q

Bank account held “in trust” for another

A

Totten trust

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10
Q

Property that is moveable and touchable

A

tangible property

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11
Q

property that evidence ownership in something of value but has no value by itself (stocks, bonds, deeds)

A

Intangible Property

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12
Q

A tenancy which allows a person to own real property for his or her life only

A

Life Estate

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13
Q

A will which is drafted solely in the handwriting of the testator

A

Holographic will

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14
Q

An oral will

A

nuncupative will

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15
Q

the deceased person

A

decedent

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16
Q

Methods to accumulate, manage, and dispose of one real and personal property by the owner of the property by both premortem and postmortem

A

Estate Planning

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17
Q

Fiduciary who holds legal titles to trust property of the benifit of the equitable title holder

A

Trustee

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18
Q

Personal representative of a will (masculine)

19
Q

Personal representative of a will (female)

20
Q

Person appointed by a court to represent the estate of a decedent that died intestate

A

administrator

21
Q

female personal representative, assigned by the court

A

Administratrix

22
Q

the right of a terminally ill person to refuse life sustaining treatment

A

Right to die

23
Q

the act of giving property by will

24
Q

One who dispose of property in a will

25
A recipient of property in a will
devisee
26
The judicial procedure by which a testamentary document is established be valid will; the proving of a will to the satisfaction of the court.
Probate
27
Transferor of real property
grantor
28
Inheritor of property of a deceased person
Heirs
29
The act of signing one's name on a document
subscribe
30
the right, enforceable solely in equity to the beneficial enjoyment of property to which another person holds the legal title: a property interest held by one person at the request of another for the benefit of a third person
Trust
31
A gift by will, ESP, of personal property and ofter money
Legacy
32
One who is named in a will to take personal property; one who will receive a legacy or bequest
Legatee
33
One who bequeaths a legacy
Legator
34
to give property by will
bequeath
35
distributing at estate
Administrating an estate
36
to take back, to cancel
Revoke
37
Divided equally among all individual, USC. In the same class "by the head"
Per Capita
38
Child out of wedlock
Illegitimate Child
39
Traditionally, a will disposing of personal property
Testament
40
The process by which the state inherits a decedent's property when there are no living relatives
Escheat
41
To bear witness, testify
Attest
42
Proportionately decided between beneficiaries according to their deceased ancestor's share
Per Stirpes
43
Loss of testamentary girt because the testator no longer owns the property at death
Ademption