a way for a person to choose how to dispose ofhis/her assests after death, with the least amount lost through taxes and otherexpenses. Also includes guardians for children, end of life issues. This term has a very financial aspect.
A document prepared with the intent of disposing property (land) after death.
This document disposed of stuff – another word for will in today’s society
The person who makes the will.
laws made by the legislature
law made by the judges
Being of sound mind, being competent to make a will b/c your mental capacity is there
18 years old
– NC Gen Stat 31-3.4 A will that is handwritten entirely in the handwriting of the testator, subscribed by testator in their own handwriting found after his/her death in a safe place (where the testator kept important stuff). No witnesses needed.
NC Gen Stat 31.3.5- Oral will that can only convey personal property, have to be about to die and die (deathbed will), has to have 2 competent witnesses
To affirm the truth of something, promised to be what it is
– signed “at the bottom” but does not have to be signed at the bottom in NC
one who attest and subscribe (the testator, then two additional witnesses)
Everything a person owns at their death and these items will go through an estate administration (except real prop b/c it is immediately transferred).
Land and anything attached to it
Property that will go into the estate and will have to be administered as a part of the estate administration, it is a trustees account until all the proper administration has been done
A person who dies with a will.
A person who dies without a will.
Person who is in charge of administering the estate, when there is a will it is an executor
The personal representative for people with a will
The personal representative for people without awill
The people who inherit from someone who has a will
the law that tells you what happens if you die intestate
A will can be changed as long as you are capableof making a will.