20200814
INTESTACY
- CAN BE WHOLLY
OR PARTIALLY
(SUCH AS WHEN A
GIFT OF RESIDUE
HAS FAILED)
- PROPERTY PASSING OUTSIDE OF THE ESTATE
- JOINT TENNANCY AGREEMENT
- TRUST POLICIES MAY BE PAYABLE TO ESTATE OR FOR BENEFIT OF SOMEONE ELSE
- PENSION - LUMP SUM DOES NOT. DIS FALLS OUTSIDE OF ESTATE
- LIFE INTERESTS IN TRUST PROPERTY AND GIFTS WITH A RESERVATION OF BENEFIT
- LIFE INTERESTS IN TRUST PROPERTY AND GIFTS WITH A RESERVATION OF BENEFIT
- PENSION - LUMP SUM DOES NOT. DIS FALLS OUTSIDE OF ESTATE
- TRUST POLICIES MAY BE PAYABLE TO ESTATE OR FOR BENEFIT OF SOMEONE ELSE
- JOINT TENNANCY AGREEMENT
- PROPERTY PASSING OUTSIDE OF THE ESTATE
- PR MUST FIRST PAY ALL LIABILITIES FROM ESTATE
- SPOUSE THAT SURVIVES 28 DAYS TAKES PRIORITY
- personal chattles
- TANGIBLE MOVABLE PROPERTY
OTHER THAN MONEY, BUSINESS
USE ITEMS AND INVESTMENTS
- TANGIBLE MOVABLE PROPERTY
OTHER THAN MONEY, BUSINESS
USE ITEMS AND INVESTMENTS
- FIXED SUM OF 250,000
- SPOUSE ALSO HAS FIRST DIBS AT BUYING
THEIR HOUSE, THEY CAN USE THE FIXED
SUM TO PAY FOR THIS AND TOP IT UP WITH
THEIR OWN MONEY TO BUY IT FROM THE
ESTATE BEFORE OTHERS CAN SELL
- IF ESTATE DOES NOT EXCEED
FIXED SUM, THEN SPOUSE TAKES
ALL
- SPOUSE ALSO HAS FIRST DIBS AT BUYING
THEIR HOUSE, THEY CAN USE THE FIXED
SUM TO PAY FOR THIS AND TOP IT UP WITH
THEIR OWN MONEY TO BUY IT FROM THE
ESTATE BEFORE OTHERS CAN SELL
- 50% OF RESIDUE
- REMAINDER
GOES TO ISSUE
(CHILDREN)
- IF THERE IS NO ISSUE OR SPOUSE
- PARENTS
- SIBLINGS
- HALF SIBLINGS
- GRANDPARENTS
- UNCLES AND AUNTIES
- HALF UNCLE AND AUNTIES
- HALF UNCLE AND AUNTIES
- UNCLES AND AUNTIES
- GRANDPARENTS
- HALF SIBLINGS
- SIBLINGS
- MUST BE TO A BLOOD
RELATIVE, AND NOT
DIVORCED SPOUSES
- NCPR22
- PARENTS
- SPLIT EQUALLY
- IF ALREADY DEAD, DO THEY HAVE
ISSUE? IF NOT THEN TREATED AS IF
THEY NEVER EXISTED
- NO CHILDREN WIFE GETS ALL
- IF THERE IS NO ISSUE OR SPOUSE
- REMAINDER
GOES TO ISSUE
(CHILDREN)
- personal chattles
- VESTED INTEREST? 18 OR OVER
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