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LS: Wills & Trusts Part II

This class was created by Brainscape user Ally De paulo. Visit their profile to learn more about the creator.

By: Ally De paulo
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Decks in this class (20)

Ambiguities and rules of construction
What is an ambiguity in a will,
How are ambiguities treated,
What are rules of construction
3  cards
Devises, abatement, and advancements
Four types of devises,
Specific devise,
Demonstrative devise
9  cards
Priority of claims
Class 1 claims,
Class 2 claims,
Class 3 claims
9  cards
Ademption
Ademption by satisfaction,
Ademption by extinction,
Intent theory
9  cards
Exoneration and taxes
Common law rule on debts encumber...,
Floridas rule on debts encumberin...,
Decedent owes taxes if
3  cards
Pretermitted spouses
Pretermitted spouse,
How does divorce or annulment aff...,
When a t marries after making a w...
10  cards
Lapse and anti-lapse
Antilapse statute,
Antilapse statute applies if,
Antilapse statute does not apply if
6  cards
Individual and class devises
Class gift presumed if,
Individual gift presumed if,
If people are referred to by name...
9  cards
Homestead protections
Fl homestead laws,
Homestead outside municipality,
Homestead within municipality
7  cards
Elective share
Elective share,
Elective share in florida before ...,
Upc elective share
9  cards
Simultaneous death
Three potential order of death po...,
The simultaneous death rules appl...,
The simultaneous death rules appl...
10  cards
Disclaimers and waivers
Disclaimer,
Disclaimant,
Waiver
3  cards
Nonresidents and ancillary administration
Domicile,
Ancilliary administration,
What is subject to ancillary admi...
4  cards
Trusts - terminology
Why use a trust,
Settlor,
Trustee
15  cards
Trusts basics
Methods of creating a trust,
Creating a trust by transfer,
Creating a trust by declaration
9  cards
Substantive trust elements
Requirements for creation of a trust,
Rev trust income,
Ways to plan for incapacity
13  cards
Trust formalities
In order for a trust to survive a...,
732502 imposes four requirements ...,
Testamentary trust formalities
12  cards
Revocable trusts
Revocable trust,
Present transfer test,
Can a revocable trust be contested
3  cards
Trusts providing protection from creditors
Spendthrift provisions
1  cards
Termination and modification of irrevocable trusts
Claflin doctrine
1  cards

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LS: Wills & Trusts Part II

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Wills and Trusts
  • 15 decks
  • 465 flashcards
  • 74 learners
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