Intestate Succession (Alteration)

Question 1

Advancement

Answer 1

a lifetime take of a death time share. there must be intent for it to be an advance.

Question 2

Intent required for an advancement

Answer 2

1. decedents will provides for deduction,
2. declared in a writing signed by T w/n 30 days of making a transfer, OR
3. advancement acknowledged in writing signed by recipient at any time.

Question 3

Effect of an advancement

Answer 3

reduces portion received under will.

Question 4

Hotchpot (advancement)

Answer 4

To determine shares following an advancement, amount of adv is added to probate estate and shares are then determined. the amount of the advancement is then deducted from the recipients share.