WILLS AND INHERITANCE

INHERITANCE LAW or

LAW of SUCCESSIONor

WILLS AND PROBATE

- a branch of civil law concerned with the distribution of a person’s

property after their death

SUCCESSION

acquisition of a person’s property (ESTATE)

following their death

in accordance with under the applicable

the provisions of a rules relating to

WILL INTESTACY

SUCCESSIONWILLS

INTESTACYmust bea) in writingb) signed by the TESTATOR (the

person making the will)c) witnessed by at least 2

witnessesValid if - The testator is over 18 - The will is made of

sound mind

EXECUTOR (a person appointed by the will

to carry out the terms of the will)

BENEFICIARY, LEGATEE (a person who inherits property

under a will) – BEQUEST – property given to another by

will

To die INTESTATE – to die without a will

Property is distributed in accordance with

INTESTANCY RULES (set out the order of priority applied when distributing the

estate to the possible beneficiaries)

ADMINISTRATOR (a person appointed by a court to

distribute the property of someone who has died

intestate)

HEIR, BENEFICIARY

Succession

HEIR; INHERITANCE = refers to succession of property

from a descendent who has died INTESTATE (without a will)

BENEFICIARIES, LEGATEES = recipients of property through a

will

WILLS AND INHERITANCEI Match each legal term with its definition!

 LEGACYThe official right to prove and the fact of proving that a will has been written and signed in accordance with the law./ The official document which confirms that the will is valid and states who the executors are.

WILL Property which can be turned into cash.

DECEASED A legal declaration of a person's wishes as to the disposition of his or her property or estate after death, usually written and signed by the testator and attested by witnesses.

BENEFICIARY

Dead, late

RESIDUE One to whom a legacy is given.

PROBATE One who gets a benefit; one who is left something in a will.

ASSETS The remainder, what is left eg. of a person’s estate after all claims and debts have been paid.

LEGATEE A gift of personal property by will

WILLS AND INHERITANCE

II Who are the people mentioned in the will? Mr. Philip Scott Yorke Mr. Paul Yorke-Parker A .R. Browne and J. G. Jones Mr. N. A. Y. Yorke-Modge R. C. Roberts & Russel

WILLS AND INHERITANCE

 

III What does the estate consist of?

1.__________________________; 2.___________________________3._________________________; 4.____________________________5._________________________; 6.____________________________

IV Retell the letter in your own words. Use the key legal terms.

Mr. Paul Yorke-Parker is one of the pecuniary legatees in the will of his deceased relative Mr. Philip Scott Yorke. He is entitled to …