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Decedent's Estates - Coggle Diagram
Decedent's Estates
Validity
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Will Contests
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Revocation.
Types of Revocation
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Presumptions
Presumptions arise when the is found after the testator's death, but is mutilated.
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Bequests
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Satisfaction
Satisfaction occurs when a gift has been satisfied by an inter vivos transfer from the testator to the beneficiary subsequent to the will's execution.
Advancement
Is a lifetime gift made to an heir with the intent that the gift be applied against the heir's share of the estate.
Spouse's Elective share
Statutes that give the spouse an election to take a statutory share in lieu of taking under the will.
Types of Bequest
Specific Bequest
Gift of a specific article or other property, which is identified and distinguished from all other things of the same kind and is satisfied only by delivery of the particular thing.
General legacy
Payabble out of the general assets of the decedent's estate and not in any separated or distinguished fund from other things of the same kind.
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