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Wills and Trusts

Prof. Gerry W. Beyer Fall 2013. Wills and Trusts. 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.

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Wills and Trusts

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  1. Prof. Gerry W. Beyer Fall 2013 Wills and Trusts

  2. Skull for Hamlet Productions

  3. Body for Human Barbecue

  4. 55 Letter English Alphabet

  5. Cremains in Breast Implants

  6. Doctor to impale with stake

  7. Smoke 5 cigarettes per day

  8. Money to woman birthing most children in 10 years

  9. Basic Premise • Life is 100% fatal.

  10. History of At-Death Property Disposition • 1. Physical Strength and/or Finding

  11. History of At-Death Property Disposition • 2. Bury with Decedent

  12. History of At-Death Property Disposition • 3. Intestate Succession

  13. History of At-Death Property Disposition • 4. Wills

  14. History of At-Death Property Disposition • 5. Will Substitutes

  15. Intestate Succession Terminology

  16. Intestate Succession • Common Law Split: • Crown = real property • Church = personal property

  17. Intestate Succession -- Terminology • Descent = succession to real property

  18. Intestate Succession -- Terminology • Distribution = succession to personal property

  19. Intestate Succession -- Terminology • Heir = person who receives property from an intestate decedent

  20. Intestate Succession -- Terminology

  21. Intestate Succession -- Terminology • Consanguinity = blood • Affinity = marriage

  22. Testate Succession Terminology

  23. Testate Succession -- Terminology • At common law – • Will = real property • Testament = personal property

  24. Testate Succession -- Terminology • Devise = gift of real property

  25. Testate Succession -- Terminology • Bequest = gift of personal property

  26. Testate Succession -- Terminology • Legacy – gift of money X

  27. Testate Succession -- Terminology • Beneficiary = any recipient of property (any type)

  28. Testate Succession -- Terminology • Codicil = amendment to an existing will

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