Intervivostrusts | | After an estate has been probated, the debts of the decedent are _____________. |
UniformProbateCode | | The probate court decides questions of law and fact concerning the ____________of a will. |
Payableondeath | | Documents authorizing a personal representative to act for a testate estate. |
Executor | | An estate planning professional must take care to avoid this. |
Homicide | | Amends an existing will. |
Causation | | Revocable and irrevocable __________ are will substitutes. |
Absolute | | Elective share and Community Property are transfer limitations providing __________. |
Executed | | As between property passing by will or by intestacy, intestacy is the ____________. |
Abated | | The ____________attempts to standardize and streamline probate laws and processes. |
Intestate | | The UPC intestacy scheme for distributing equally among decendants employes the per capita ____________ approach. |
Interpretation | | The property that passes under a will is the ____________. |
LifeInsurance | | One way to prevent failed gifts is to make a ___________. |
ClassGift | | A written document disposing of a person's probate property at death. |
Administrator | | The laws of ____________determine the distribution of property when there is no will. |
LettersofAdministration | | _________________ is an example of a payable on death arrangement. |
Fiduciary | | In order to avoid probate, a decedent must take __________ steps. |
SpousalProtection | | A personal representative has a __________ obligation to the estate. |
Intestatesuccession | | If there are not enough assets in an estate to make all gifts, some gifts must be ___________. |
Codicil | | The estate remaining after specific and general gifts have been distributed. |
Residuary | | Grantor. |
Lapse | | Extrinsic evidence may be allowed to establish the ___________ of the testator. |
Disclaim | | The personal representative of an intestate estate. |
Will | | In order to have testamentary capacity, the testator must know the ____________ of her bounty. |
Testator | | Occurs when a testator doesn't realize that he is signing a will. |
Default | | A decedent who dies without a will is said to die __________. |
Settlor | | One of the duties of an Executor is to collect and ________ the decedent's assets. |
Devise | | A joint tenancy arrangement is one way to avoid ________. |
LettersTestamentary | | Documents authorizing a personal representative to act for an intestate estate. |
Synonymous | | In order to be valid, a will must be propertly _________. |
Inventory | | A decedent who has a valid will at death. |
InsaneDelusion | | A defect in testamentary capacity. |
UndueInfluence | | An arrangement that is not subject to probate is known as a _______________. |
Revocation | | When a beneficiary decline a testamentary gift, he is said to _________the gift. |
WillSubstitute | | Probate may be avoided through an arrangement with a ______________ clause. |
Probate | | An approach to intestate distribution under common law. |
ProbableIntent | | A trust bifurcates legal from beneficial ownership. |
Beneficial | | If a beneficiary predeceases the testator, a gift to the beneficiary is said to __________. |
Extinguished | | The gift, by will, of real property. |
ProbateEstate | | A cancellation of an existing will. |
Perstirpes | | Even if a defect in capacity is proven to exist, a contestant must ultimately prove ___________ in order to successfully challenge a will. |
Naturalobjects | | The personal representative of a testate estate. |
Fraudintheexecution | | A testator's right to distribute his property is not ____________. |
Affirmative | | The probate estate is not ____________ with the taxable estate. |
Ateachgeneration | | _______________is a bar to taking the decedent's property. |