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부동산

Real Estate Law 56

2019.05.11 21:28 Views : 147

Check Your Understanding Answers

  1. Define a will.

    A will, or more properly a last will and testament is a legal instrument for the voluntary transfer of real and personal property after the owner's death.
     
  2. Explain a nuncupative will.

    A nuncupative will is typically made orally on a testator’s deathbed and written down by a witness. California almost never recognizes nuncupative wills as valid for the transfer of real property.
     
  3. What does a probate proceeding do?
    • Validates the will, if one exists
    • Identifies and settles all claims and outstanding debts against the estate
    • Distributes the remainder of the estate to the rightful heirs
       
  4. What happens if a person dies intestate?

    If there are heirs, the estate will pass to them according to title by descent or the state’s laws of succession. If there are no heirs, the estate will go to the state or county after all claims and debts have been settled.
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320 Valuable consideration 2019.05.22 208
319 Real Estate Practice - 39 (Understanding-Answers) 2019.04.29 207
318 $323,000 Anaheim, CA 2016.11.29 207
317 TEST 10 2019.03.05 206
316 Redding-2 2017.04.02 204
315 Townhouse/Villa- 364,888 2017.02.08 203
314 Consideration 2019.07.07 202
313 Associate Licensees 2019.05.27 202
312 $375,000- 1975 W Clipper Lane #59 Anaheim, CA 92801 2017.01.23 202
311 Chapter 13 Conclusion 2019.04.27 200
310 Chapter Conclusion Chapter 16 2019.04.29 199
309 Chapter 13 Quiz 2019.04.27 199
308 14-bed RCFE Facility for Sale Los Angeles County, CA 2022.09.01 197
307 PRIVATE REMARKS file 2021.12.27 195
306 quiet title 2019.05.22 188
305 Anaheim, CA 92804 new 2017.06.19 187
304 Real Estate Law 3 2019.05.04 186
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302 Chapter 3 TEST (2nd) 2019.03.02 185
301 Prohibited Acts 2023.07.06 181
300 Real Estate Law 104 2019.05.17 181
299 Chapter 1 Quiz 2019.04.11 181
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296 discriminate 2019.05.22 179
295 Chapter 18 Conclusion 2019.03.23 179
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293 Chapter 7 Quiz 2019.04.14 177
292 3 2017.07.19 174