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What happens if real property left by will to persons who die and without heirs survivors before testator?
Wiki User
∙ 16y ago
A testator's gift by will to a person who is not living at the time the testator died is usually void, and so it doesn't matter if there were surviving heirs of a person whose gift was void because they weren't alive to receive it.
One exception is a gift to a branch of a family "per stirpes", which means the gift is divided among the surviving children (or other representatives) of someone who pre-deceased the testator of the will. For example, "I leave the value of my stock portfolio to my two brothers, equally, per stirpes." Even if both brothers die first, their respective estates will inherit and split the gift.
Wiki User
∙ 16y ago
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What is a will?
A will is a legal document that specifies how a person's assets and property are to be distributed after their death. It allows individuals to outline their wishes regarding beneficiaries, guardianship of minor children, and other important decisions. Having a will in place can help ensure that assets are distributed according to the person's wishes.
What law offers full coverage for retirees dependent survivors and disabled persons?
Which law offers full coverage for retirees, dependent survivors, and disabled persons
Does a property deed override a will in new york?
A deed to a property specifies who owns the property. If the property belonged to someone who has died then the property (and the deed to it) become part of the dead persons estate. What happens to the estate is determined by the dead persons will. In view of this it is unclear what you mean by a property deed overriding a will - your question makes little sense.
Should the executor of an estate have a copy of the will prior to the persons death that he is executor to.?
No, it is not necessary or wise to distribute any copies of a will during the life of the testator. However, the executor should be informed of where the will can be found when the testator has died and the will must be probated.
What are Abandoned persons known as?
Unfortunate, Unfortunate person, Shipwreck survivors, Castaway
What happens to persons property upon death in Maryland?
It will go into the probate process. The assets and debts will be resolved according to the will or the intestacy laws.
What is the difference between a will and a living will?
A will is a document that transfers a person's property to others upon his/her death. This is called a testamentary document. It has no effect to transfer property until the testator dies. A living trust is a document that creates a fund of property, which is administered by the trustee for the benefit of other persons but with certain restrictions or directions on how the fund is to be used. This is called an inter vivos document because it is effective to transfer property during the person's lifetime.
What is meant by heirs at law?
Heirs at law are the persons who would inherit the property of a decedent who died with a Will.Heirs at law are the persons who would inherit the property of a decedent who died with a Will.Heirs at law are the persons who would inherit the property of a decedent who died with a Will.Heirs at law are the persons who would inherit the property of a decedent who died with a Will.
What is the difference between a living will and a living trust?
A will is a document that transfers a person's property to others upon his/her death. This is called a testamentary document. It has no effect to transfer property until the testator dies. A living trust is a document that creates a fund of property, which is administered by the trustee for the benefit of other persons but with certain restrictions or directions on how the fund is to be used. This is called an inter vivos document because it is effective to transfer property during the person's lifetime.
Is the principal the person that takes out the will?
Here are the participants to the making of a formal will in just about every state: 1. Testator: the person whose will it is. 2. Executor: the person who is designated to administer the estate of the testator. 3. Witnesses: the persons who observe the testator signing the will to verify it (the number of witnesses and who they can be varies from state to state). 4. Notary: the official whose signature and seal is a verification that the testator signed the will and the witnesses witnessed the will, in accordance with local law. Some states may still apply masculine and feminine words (testator/testatrix, executor/executrix).
What are the main responsibilities of an executor of a will?
The duties of an executor are to prove the will to bury the deceased collect in the estate to pay the debts in their proper order to pay the legacies and distribute the residue among the persons entitled the executor may bring actions against anyone who is indebted to the testator or are in possession of property belonging to the estate
What do you call a Japanese survivor of Hiroshima?
Survivors of Hiroshima were called Hibakusha which means explosions affected persons.
