review for midterm exam intestacy, administration, wills
TRANSCRIPT
Review for Midterm Exam
Intestacy, Administration, Wills
Introduction and Overview
$Brief history of death and property$Basic Terminology$What law applies?$The Big Picture
Estate Administration
$Locate Will$Prepare Application
$File Application in Appropriate Court$Type of Administration
$Appointment & Qualification of Personal Rep
$Issuance of letters$Collect, Protect, Manage Probate Assets
$Pay Creditors$Account, Distribute and Close
Malpractice and Pro Responsibility
$Professional Negligence$Ethical Concerns
$Ethical Obligations of Legal Assistants$Appropriate Tasks for Legal Assistants$Ethical Issues for Legal Assistants
Descent & Distribution
$Descent – Real Property via Intestacy$Distribution – Personal Property via
Intestacy$Why Most People Die Intestate
$Surviving Spouse - then and now$Descendants
$Ancestors and Collaterals$Escheat
Treatment of Certain Categories of Potential Heirs
$Posthumous or Afterborn Heirs$Adopted Individuals$Non-Marital Children
$Children from alternate reproduction$Stepchildren
$Half-Blooded Collateral heirs$Non-US Citizens$Unworthy Heirs
$Non-Marital Partners
Other Intestate Succession Issues
$Ancestral Property$Advancements
$Survival$Disclaimers
$Assignment or Release of Expectancy$Equitable Conversion
$Liability for predeceased intermediary debts$Heir Designation$Choice of Law
Requirements for a Valid Will
$Legal Capacity$Testamentary Capacity$Testamentary Intent
$Formalities$Holographic Wills
Changing Circumstances After Will Execution - Property
$Classification of Testamentary Gifts$Ademption by Extinction$Ademption by Satisfaction
$Changes in Value$Exoneration$Abatement
$Tax Apportionment
Changing Circumstances After Will Execution - Persons
$Marriage of Testator$Divorce of Testator$Pretermitted Heirs
$Death of Beneficiary – Lapse$Failure of Charitable Trusts – Cy Pres
$Survival
Revocation of Wills
$Revocation by Operation of Law$Revocation by Physical Act
$Revocation by Subsequent Writing$Presumptions
$Revival$Conditional Revocation
$Multiple Originals
Interpretation and Construction
$Ambiguity$Integration
$Incorporation by Reference$Facts of Independent Significance
$Tangible Personal Property Instrument$Pour-Over Provisions$Precatory Language
$Class Gifts$Dead Person’s Statute
Will Contests
$Failure to Satisfy Requirements of Valid Will$Insane Delusions$Undue Influence
$Duress$Fraud$Mistake$Remedies
$Preventing Will Contests
Other Will Issues
$Conditional Wills$Conditional Gifts$Combination Wills
$Election Will$Disclaimer
Conclusion