Property I- Future Interests Ch.1 (Guide) Flashcards

(17 cards)

0
Q

1-2) What is a “devisee”?

A

A beneficiary of real property under a will.

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1
Q

1-1) What is the term for relatives like aunts, uncles, cousins, brothers, and sisters?

A

Collaterals

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2
Q

1-3) Correct the following sentence if there is something wrong with it: All of the heirs gathered at the lawyer’s office to learn what the decedent had left them in his will.

A

Replace “heirs” with “devisees”. Heirs are those who take in the absence of a will. Devisees are those who take under a will.

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3
Q

1-4) Fill in the blank: Anne Smith has made an appointment with her lawyer to have her will drawn. She intends to ________ her house to her son.

A

Devise

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4
Q

1-5) Fill in the blank: Jeremy Park died _______ (without a will).

A

Intestate

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5
Q

1-6) Are “convey” and “sell” synonyms?

A

Convey means both to transfer by sale and transfer by gift.

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6
Q

1-7) Fill in the blank: The _______ (dead person) had no heirs.

A

Decedent

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7
Q

1-8) Name some examples of a person’s “collaterals”

A

Cousins, siblings, aunts, uncles

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8
Q

1-9) Correct the following sentence if there is something wrong with it: Since Harold did not have a will Maude is the devisee of his entire estate.

A

Replace “devisee” with “heir”.

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9
Q

1-10) What is the term for a person’s children and grandchildren?

A

Issue

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10
Q

1-11) What is the term for a person’s parents, grandparents, and great-grandparents?

A

Ancestors

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11
Q

1-12) Fill in the blank: Hazel’s will left a ______ (an item of personal property disposed of by a will) to her brother.

A

Bequest

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12
Q

1-13) Fill in the blank: If Hazel he not died ______ (with a will), all of her estate would have passed to her daughter.

A

Testate

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13
Q

1-14) Name some examples of a person’s “issue”.

A

Children, grandchildren, great-grandchildren

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14
Q

1-15) Francine had never married. She died without a will, and all of her blood relatives had died many years before. Therefore, her property will ______ to the state.

A

Escheat

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15
Q

1-16) Correct the following sentence if there is something wrong with it: All of Barbara’s heirs are coming to visit her this summer.

A

“Heirs” should be “heirs apparent”. A living person has no heirs.

16
Q

1-17) David’s father has just written a will naming David as the sole beneficiary of the family business. What property interest does David have as a result of being named in the will?

A

None. A will creates no interests in property until the testator dies.