Property I- Future Interests Ch.1 (Guide) Flashcards
(17 cards)
1-2) What is a “devisee”?
A beneficiary of real property under a will.
1-1) What is the term for relatives like aunts, uncles, cousins, brothers, and sisters?
Collaterals
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.
Replace “heirs” with “devisees”. Heirs are those who take in the absence of a will. Devisees are those who take under a will.
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.
Devise
1-5) Fill in the blank: Jeremy Park died _______ (without a will).
Intestate
1-6) Are “convey” and “sell” synonyms?
Convey means both to transfer by sale and transfer by gift.
1-7) Fill in the blank: The _______ (dead person) had no heirs.
Decedent
1-8) Name some examples of a person’s “collaterals”
Cousins, siblings, aunts, uncles
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.
Replace “devisee” with “heir”.
1-10) What is the term for a person’s children and grandchildren?
Issue
1-11) What is the term for a person’s parents, grandparents, and great-grandparents?
Ancestors
1-12) Fill in the blank: Hazel’s will left a ______ (an item of personal property disposed of by a will) to her brother.
Bequest
1-13) Fill in the blank: If Hazel he not died ______ (with a will), all of her estate would have passed to her daughter.
Testate
1-14) Name some examples of a person’s “issue”.
Children, grandchildren, great-grandchildren
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.
Escheat
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.
“Heirs” should be “heirs apparent”. A living person has no heirs.
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?
None. A will creates no interests in property until the testator dies.