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