ELFI Ch 1.txt

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Author:
dschnelldavis
ID:
39296
Filename:
ELFI Ch 1.txt
Updated:
2010-10-03 12:59:57
Tags:
Law Property
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Description:
Estates in Land and Future Interests, Chapter 1
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  1. 1.1: What is the term for relatives like aunts, uncles, cousins, brothers, and sisters?
    Collaterals
  2. 1.2: What is a "devisee"?
    A beneficiary of real property under a will.
  3. 1.3: Is there something wrong with the following sentence? If so, correct it.
    All of the heirs gathered at the lawyer's office to learn what the decedent had left them in his will.
    "Heirs" are those who take in the absence of a will. "Devisees" are those who take under a will.
  4. 1.4: Fill in the blank: Anne Smith has made an appointment with her lawyer to have her will drawn. She intends to ________ her house to her son.
    Devise
  5. 1.5: Fill in the blank: Jeremy Parker died ________ [without a will].
    Intestate
  6. 1.6: Are "convey" and "sell" synonyms? If not, why not?
    To "convey" includes both transfer by sale and transfer by gift.
  7. 1.7: Fill in the blank: The ________ [dead person] had no heirs.
    Decedent
  8. 1.8: Name some examples of a person's "collaterals."
    Siblings, aunts, uncles, cousins, nieces, nephews
  9. 1.9: Is there something wrong with the following sentence? If so, correct it.
    Since Harold did not have a will Maude is the devisee of his entire estate.
    A "devisee" is one who receives real property under a will. Maude is the "heir" of Harold's estate.
  10. 1.10: What is the term for a person's children and grandchildren?
    Issue
  11. 1.11: What is the term for a person's parents, grandparents, and great-grandparents?
    Ancestors
  12. 1.12: Fill in the blank: Hazel's will left a ________ [an item of personal property disposed of by a will] to her brother.
    Bequest
  13. 1.13: Fill in the blank: If Hazel had not died ________ [with a will], all of her estate would have passed to her daughter.
    Testate
  14. 1.14: Name some examples of a person's "issue."
    Children, grandchildren, great-grandchildren
  15. 1.15: Francine had never married. She died without a will, and all of her blood relatives had died many years before. Therefore, her property will ________ to the state.
    Escheat
  16. 1.16: Is there something wrong with the following sentence? If so, what? All of Barbara's heirs are coming to visit her this summer.
    A living person has no heirs.
  17. 1.17: David's father has just written a will naming David as the sole beneficiary of the family business. What property interest does David have as a result of being named in the will?
    None. A will creates no interests in property until the testator dies.

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