Wills, Trust, Estate Word Scramble
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Question | Answer |
Ownership of property by a husband and wife together | Tenancy by the entirety |
a single estate in property held by two or more persons created under one instrument at one time | Joint tenancy |
a testamentary document that distributes wealth and directs how the estate should be administered | Will |
Dying without a valid will | intestate |
a woman who makes and executes a will | testatrix |
A party who received a gift by will of personal property | legatee |
a gift by will of real property | devise |
a clause that states where, when and whom the notary public is that is certifying the signature | jurat |
a POA that does not terminate upon the principal becoming mentally incompetent | durable general POA |
a proportional reduction of gifts to beneficiaries because the estate lacks sufficient funds to pay the decedent's debts | abatement |
a gift by will of personal property | legacy |
a person nominated in the will to carry out the directions and the distribution of gifts contained in the will | executor |
an heir of beneficiary does not inherit from the decedent if the heir or beneficiary killed the decedent | slayers rule |
a gift by will fails because it is no longer owned by the testator or it is no longer in existence | ademption |
a gift by will fails because the beneficiary predeceased the decedent or the beneficiary is unwilling to take the item | lapse |
method of distributing the decedents estate when the decedent has left behind surviving issue from different generations | per stirpes |
all heirs within a class receive equal shares | per capita |
living trust, a trust to take effect while the person is living, not upon the death of a person | inter vivos trust |
the beneficiary of a trust | cestui que trust |
Created by:
paralegal723
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