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THE LAW OF SUCCESSION, a beneficiary - Coggle Diagram
THE LAW OF SUCCESSION
all property is either real property or personal property
REAL PROPERTY
a devisee
a person who receives real property as a gift under the provisions of a will
immovable: includes
land
and what is
permanently attached to the surface
, e.g. houses and trees, and whatever is below the surface, e.g. minerals and oil
a devise
the gift itself
PERSONAL PROPERTY
a legatee
a person who inherits personal property, especially money
moveable: includes cars, furniture, clotting, cash, stocks and bonds, etc.
a legacy / a bequest
the gift itself
The sum total of a person's real property and personal property is called his
estate
an heir
a person who inherits or its entitled to inherit property
a coheir
a person who inherits or is entitled to inherit property together with another person.
to die
estate
Where a person makes a valid will stating how he wants his property to be distributed
to die
intestate
Where person leaves no will, or an invalid will
deceased
= edesmennyt
a beneficiary
the general term for a person who receives any gift under the provisions of a will