Wills Flashcards
(186 cards)
To be valid, a will is required to be created by:
(1) Signed writing by testator with:
(2) Testamentary intent, and
(3) Testamentary capacity
A will may be revoked when?
Any time prior to death
A will may be revoked by one with three ways:
(1) Operation of law
(2) Subsequent written instrument
(3) Physical act
A will be contested by _____, usually on the grounds of:
(a) any interested party
-Lack of capacity
-Undue influence
-Fraud
-Mistake
Intestacy rules apply in four situations:
(1) No will
(2) Will fails (denied probate)
(3) Will doesn’t dispose of all property (for the undisposed of property)
(4) Will specifies intestate distribution
When a will does not dispose of all of the probate rule, what rules apply to the property?
The disposed-of property is subject to the will, and the undisposed-of property is subject to intestacy rules.
In intestacy, what does the surviving spouse take if no descendants survive?
The surviving spouse takes the entire intestate estate if no descendants survive.
In intestacy, what does the surviving spouse take if descendants DO survive?
If there are surviving descendants, the surviving spouse takes either 1/2 or 1/3 of the estate (depending on state)
What does the UPC provide the surviving spouse if there are surviving descendants who are NOT the surviving spouse’s descendants?
If the surviving descendants are not the surviving spouses, the UPC provides for a dollar amount + 1/2 or 1/3
What does the UPC provide the surviving spouse if there are surviving descendants who ARE the surviving spouse’s descendants?
If the surviving descendants are also the surviving spouse’s descendants, the surviving spouse takes the entire estate.
What part of the estate do surviving descendants take?
Descendants take the share of the estate not passing to the surviving spouse.
The majority rule for the division of the state among surviving descendants is:
Per capita with representation
The modern trend for division of the estate among surviving descendants is:
Per capita at each generation
The minority rule for division of the estate among surviving descendants is:
Strict per stirpes (division always at child level)
If no descendants survive, the intestate estate first passes to:
If no descendants survive, the intestate estate first passes to parents.
If no parents survive, the intestate estate then passes to:
If no descendants or parents survive, the intestate estate then passes to descendants of the parents.
If there are no descendants of the deceased’s parents, the intestate estate then passes to:
If no descendants, or parents or their descendants, the intestate estate passes to the grandparents of the deceased, or those grandparents’ descendants
If there are no grandparents or their descendants, the intestate estate is then:
If no descendants, parents or their descendants, or grandparents or their descendants, the intestate estate is divided into maternal and paternal shares and passes to the nearest kin.
What is escheat?
Escheat: If there is no relative capable of taking the estate, the estate passes to the state.
How are adopted children treated in the passage of estates?
Adopted children are treated the same as natural children in the adoptive family.
Do adopted children have inheritance rights in the family of their natural parents?
No - adopted children are treated the same as natural children in their adoptive families, so their inheritance rights from their natural parents are cut off.
What is the laughing heir statute?
Do stepchildren and foster children have inheritance rights?
Stepchildren and foster children do not have inheritance rights unless adopted.
What is adoption by estoppel?