Where there is a will... Intestacy Trust me! Potpourri Terms

100

What is ambulatory?
This word describes the ability to move, change or revoke a will before death

100

What is real property?
This type of property passes according to the laws of intestate succession of the state where it is located.

100

What is a living trust?
This type of trust becomes effective while the person is alive.

100

What is a domicile?
A person may have several residences but only one of these.

100

What are heirs?
Persons entitled under intestate succession to the property of the decedent.

200

What is 3-5?
Wills should be reviewed every ________ number of years.

200

What are presidents who died intestate?
Abraham Lincoln, Ullysses Grant, James Garfield, and Andrew Johnson

200

What is a testamentary trust?
You can find this type of trust within the body of a will.

200

What is probate property?
Real and personal property owned by the decedent severally or as tenants in common at the time they died.

200

What is escheat?
No owner found so the property of the decedent passes to the state.

300

What is the testator's intent?
In construing the meaning of a will, the court seeks to determine this.

300

What is where the decedent's will did not contain a residuary clause?
An example of property disposed of using the law of intestate succession where the decedent had a will.

300

What is a living trust?
AKA inter vivos trust

300

What is personal property?
Everything that can be owned other than real property - it can even be intangible.

300

What is a legatee?
A person to who, a gift is given.

400

What is non-probate property?
This type of property passes outside of probate.

400

What are slayer statutes?
Statutes that prevent an heir convicted of murder from inheriting from the victim's estate.

400

What is a revocable living trust?
The settlor retains the right to alter, amend, or revoke the trust during their lifetime.

400

What is tenancy by the entirety?
This type of ownership of real property can only exists between those engaged in wedded bliss.

400

What is a testator with testamentary capacity?
They know what they own, who are the natural objects of their bounty, that they are making a will and are free from delusion.

500

Who is the proponent of the will?
The burden of proof of testamentary capacity rests upon this individual.

500

What is collateral consanguinity?
People who have the same ancestors but who do not descend from each other, e.g. siblings, aunts, uncles, nieces, nephews and cousins.

500

What is a pour-over will?
A provision in a will where the testator leaves a gift to an existing trust.

500

What is affinity?
Relationship by marriage

500

What is a nuncupative will?
An oral will

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