Presentation is loading. Please wait.

Presentation is loading. Please wait.

Intro & Overview Two Basic Methods of Transfer at Death By Will By Statute (No Will) Testate Intestate.

Similar presentations


Presentation on theme: "Intro & Overview Two Basic Methods of Transfer at Death By Will By Statute (No Will) Testate Intestate."— Presentation transcript:

1 Intro & Overview Two Basic Methods of Transfer at Death By Will By Statute (No Will) Testate Intestate

2 Requirements for Validity of Wills Testamentary Intent (takes effect at death)

3 Testamentary Capacity Testator Must Know: Kind & Character of His Property Natural Objects of His Bounty Effect of this Act of Making a Will

4 Testator Must Have Ability to Form a Plan for Disposition of Her Estate

5 Formal Execution Requirements 2 Witnesses if Typewritten T’s Signature Competence of Witnesses Witnesses Sign in T’s Presence No Publication Required

6 Holographic Will **Wholly in T’s Handwriting**

7 Instrument Modifying or Adding to an Existing Will

8

9 Probate of a Will --Court Validates the Will Administration of Estate --Representative 1.Collects Assets 2.Pays Debts 3.Distributes Remainder

10 Executor: Named in the Will Administrator: Appointed by the Court

11 In Texas -Independent Executorship Independent Executor acts free of court control

12 Dependent Administrator Acts Under Court Supervision


Download ppt "Intro & Overview Two Basic Methods of Transfer at Death By Will By Statute (No Will) Testate Intestate."

Similar presentations


Ads by Google