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Wills > Wills Pt. 1 > Flashcards

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)

A

Executor

19
Q

Personal representative of a will (female)

A

Executrix

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

A

Devise

24
Q

One who dispose of property in a will

A

Devisor

25
Q

A recipient of property in a will

A

devisee

26
Q

The judicial procedure by which a testamentary document is established be valid will; the proving of a will to the satisfaction of the court.

A

Probate

27
Q

Transferor of real property

A

grantor

28
Q

Inheritor of property of a deceased person

A

Heirs

29
Q

The act of signing one’s name on a document

A

subscribe

30
Q

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

A

Trust

31
Q

A gift by will, ESP, of personal property and ofter money

A

Legacy

32
Q

One who is named in a will to take personal property; one who will receive a legacy or bequest

A

Legatee

33
Q

One who bequeaths a legacy

A

Legator

34
Q

to give property by will

A

bequeath

35
Q

distributing at estate

A

Administrating an estate

36
Q

to take back, to cancel

A

Revoke

37
Q

Divided equally among all individual, USC. In the same class “by the head”

A

Per Capita

38
Q

Child out of wedlock

A

Illegitimate Child

39
Q

Traditionally, a will disposing of personal property

A

Testament

40
Q

The process by which the state inherits a decedent’s property when there are no living relatives

A

Escheat

41
Q

To bear witness, testify

A

Attest

42
Q

Proportionately decided between beneficiaries according to their deceased ancestor’s share

A

Per Stirpes

43
Q

Loss of testamentary girt because the testator no longer owns the property at death

A

Ademption

Wills (3 decks)

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