Prof. Gerry W. Beyer Fall 2013. Life is 100% fatal.
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Transcript of Prof. Gerry W. Beyer Fall 2013. Life is 100% fatal.
![Page 1: Prof. Gerry W. Beyer Fall 2013. Life is 100% fatal.](https://reader035.fdocuments.in/reader035/viewer/2022062309/5697bf721a28abf838c7e5ad/html5/thumbnails/1.jpg)
Wills and Trusts
Prof. Gerry W. Beyer
Fall 2013
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Skull for Hamlet Productions
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Body for Human Barbecue
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55 Letter English Alphabet
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Cremains in Breast Implants
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Doctor to impale with stake
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Smoke 5 cigarettes per day
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Money to woman birthing most children in 10 years
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Basic Premise
Life is 100% fatal.
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History of At-Death Property Disposition
1. Physical Strength and/or Finding
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History of At-Death Property Disposition
2. Bury with Decedent
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History of At-Death Property Disposition
3. Intestate Succession
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History of At-Death Property Disposition
4. Wills
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History of At-Death Property Disposition
5. Will Substitutes
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Intestate Succession Terminology
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Intestate Succession
Common Law Split:
Crown = real property
Church = personal property
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Intestate Succession -- Terminology
Descent = succession to real property
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Intestate Succession -- Terminology
Distribution = succession to personal property
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Intestate Succession -- Terminology
Heir = person who receives property from an intestate decedent
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Intestate Succession -- Terminology
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Intestate Succession -- Terminology
Consanguinity = blood
Affinity = marriage
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Testate Succession Terminology
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Testate Succession -- Terminology
At common law –
Will = real property
Testament = personal property
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Testate Succession -- Terminology
Devise = gift of real property
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Testate Succession -- Terminology
Bequest = gift of personal property
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Testate Succession -- Terminology
Legacy – gift of money
X
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Testate Succession -- Terminology
Beneficiary = any recipient of property (any type)
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Testate Succession -- Terminology
Codicil = amendment to an existing will