Term
|
Definition
| Passage of property when the decendent dies without a valid will |
|
|
Term
|
Definition
| Succession to real property |
|
|
Term
|
Definition
| Succession to personal property |
|
|
Term
|
Definition
|
|
Term
|
Definition
| Person entitled to take under intestate succession |
|
|
Term
|
Definition
| Person related to the decedent in an ascending lineal line. (Parents, grandparents) |
|
|
Term
|
Definition
| A person related to the decedent in a descending lineal line. (children, grandchildren) |
|
|
Term
|
Definition
| A person related to the decedent but not in a lineal line. (Siblings, nieces and nephews, cousins) |
|
|
Term
| Consanguineous Relationship |
|
Definition
| A biological or blood relationship |
|
|
Term
|
Definition
| A relationship by marriage |
|
|
Term
|
Definition
| The passage of property under the decendent's will |
|
|
Term
|
Definition
| A written document or oral declaration directing who will own decendent's property |
|
|
Term
|
Definition
| Type of will that amends an existing will |
|
|
Term
|
Definition
| Person who dies with a valid will |
|
|
Term
|
Definition
| A gift of real property in a will |
|
|
Term
|
Definition
| A gift of personal property in a will |
|
|
Term
|
Definition
| A gift of money in a will |
|
|
Term
|
Definition
| Generic term for a person who receives property under a will |
|
|
Term
|
Definition
| A property conveyance whereby the owner divides into legal and equitable interest and imposes fiduciary duties on the holder of the legal title to deal with the property for the benefit of the holder of the equitable title |
|
|
Term
|
Definition
| Person who creates a trust by making property tansfer that divdies title and imposes duties |
|
|
Term
|
Definition
| Person who receives the equitable title to trust property and hence the right to benefit from that property |
|
|
Term
|
Definition
| Person who holds the legal title to trust property and has the fiduciary duty to mage that property |
|
|
Term
|
Definition
| Property conveyed in trust form |
|
|
Term
|
Definition
| Profits or other earnings made by property after conveyed in trust form |
|
|
Term
|
Definition
| Process of collecting and managing all a decendent's property |
|
|
Term
|
Definition
| Person in charge of administering the estate of an intestate decendent |
|
|
Term
|
Definition
| Person in charge of administering the estate of a testate decedent |
|
|
Term
|
Definition
| Generic term for the person in charge of administering the estate of a decedent |
|
|
Term
|
Definition
| The entire process of administering a decendent's estate. Narrowly, to prove a document or oral declaration to be the valid will. |
|
|
Term
|
Definition
| An asset of a decendent that passes either under intestate succession or through a will |
|
|
Term
|
Definition
| An asset of a decedent that passes in a manner other than under intestate succession or through a will |
|
|
Term
| Common Law Marital Property |
|
Definition
| Each spouse owns his or her entire income |
|
|
Term
| Community Property Marital Property |
|
Definition
| One-half of each spouse's income vests in the other spouse |
|
|
Term
|
Definition
| Property acquired in a non-community property state that would have been community property if acquired in a community property state |
|
|
Term
|
Definition
| Land, anything on or attached to land |
|
|
Term
|
Definition
|
|
Term
|
Definition
| Movable or intangible things capable of ownership that are not real property |
|
|
Term
|
Definition
| A transfer made without receiving money or other property in return |
|
|
