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Review of Session 2 Intestate Succession – Introduction to Wills.

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Presentation on theme: "Review of Session 2 Intestate Succession – Introduction to Wills."— Presentation transcript:

1 Review of Session 2 Intestate Succession – Introduction to Wills

2 Descent & Distribution $Descent – Real Property via Intestacy $Distribution – Personal Property via Intestacy $Why Most People Die Intestate $Surviving Spouse - then and now $Descendants $Ancestors and Collaterals $Escheat

3 Treatment of Certain Categories of Potential Heirs $Posthumous or Afterborn Heirs $Adopted Individuals $Non-Marital Children $Children from alternate reproduction $Stepchildren $Half-Blooded Collateral heirs $Non-US Citizens $Unworthy Heirs $Non-Marital Partners

4 Other Intestate Succession Issues $Ancestral Property $Advancements $Survival $Disclaimers $Assignment or Release of Expectancy $Equitable Conversion $Liability for predeceased intermediary debts $Heir Designation $Choice of Law

5 Requirements for a Valid Will $Legal Capacity $Testamentary Capacity $Testamentary Intent $Formalities $Holographic Wills

6 Conclusion

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