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Changes in Property
Not Enough Estate
Trusts
Revocation
Powers of Appointment
100
This term is used to refer to specific devises which are no longer part of the testator’s estate as described in the will.
What is ademption by extinction?
100
When the estate doesn’t have enough property to satisfy all of testator’s devises this will happen.
What is abatement?
100

This type of trust creates a restraint on alienation of a beneficiary's interest in order to protect the trust assets from creditors

What is a spendthrift trust?

100
The two methods of revoking a will are these.
What are physical acts or a writing?
100

These are the two types of powers of appointment

What are general and non-general?

200
Under the identity theory of ademption by extinction, a devise of a specific gift that no longer exists is considered this.
What is extinguished or void?
200
This type of devise in a will abates first in order to satisfy the rest of the devises.
What are Residuary devises?
200
This type of trust is created in a will.
What is a testamentary trust?
200
This is the effect of divorce on a devise in a stale will.
What is the spouse is treated as predeceasing the testator?
200
This power of appointment does not allow donees to appoint themselves or their estates as object.
What is a non-general power of appointment?
300
Under the Intent theory of ademption, if a specifically devised item is no longer in the testator’s estate this can happen.
What is the beneficiary may be entitled to the cash value of the property if it can be shown that is what the testator wanted?
300
This type of devise abates last when the estate doesn’t have enough property to fulfill all devises.
What are specific devises?
300
This type of trust gives a trustee the ability to determine how much a beneficiary needs and when it should be distributed.
What is a discretionary trust?
300
An addition executed to an already valid will is called this.
What is a codicil?
300
People who take appointment property when donee fails to exercise the power of appointment are referred to as this.
Who are Takers in default?
400
A gift of $100,000 is this type of devise.
What is a general devise?
400
Transfers of money during a testator’s life to a beneficiary slated to receive a general devise in the will may be applied to the beneficiary’s inheritance. This is referred to as...
What is the Doctrine of Satisfaction?
400

This occurs when the sole trustee and sole beneficiary are the same person.

What is a trust ends?

400
A subsequently executed will with provisions that are inconsistent with an existing will has this effect.
What is revoking the inconsistent portions of the first will?
400
This is the term for people whom donee is permitted to distribute appointive property.
Who are objects?
500
If the property to be sold in a demonstrative devise no longer exists in the estate, this must be done.
What is other property must be sold to give the beneficiary the devise?
500
This type of devise conveys the portion of the estate not otherwise devised by other parts of the will.
What is The Residuary?
500
A trustee has this title in the trust property.
What is legal title?
500
When a testator has sole control over a validly executed will and at the testator’s death the will cannot be found, this is the presumption.
What is that the will was revoked?
500
The property donor gives donee a power of appointment over is referred to as this.
What is appointive property?