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t. e. A will and testament is a legal document that expresses a person's (testator) wishes as to how their property (estate) is to be distributed after their death and as to which person (executor) is to manage the property until its final distribution. For the distribution (devolution) of property not determined by a will, see inheritance and ...
The Uniform Probate Code (commonly abbreviated UPC) is a uniform act drafted by National Conference of Commissioners on Uniform State Laws (NCCUSL) governing inheritance and the decedents' estates in the United States. The primary purposes of the act were to streamline the probate process and to standardize and modernize the various state laws ...
t. e. Estate planning is the process of anticipating and arranging for the management and disposal of a person's estate during the person's life in preparation for future incapacity or death. The planning includes the bequest of assets to heirs, loved ones, and/or charity, and may include minimizing gift, estate, and generation-skipping ...
Digital wills are wills, often called a "Last Will and Testament", that determine the fate of a person's digital presence once they die. In the digital age, people have been wondering what happens to their digital presence once they die. These archives encompass any online account that a person may have such as social media, shopping sites, and ...
Codicil (will) A codicil is a testamentary or supplementary document similar but not necessarily identical to a will. The purpose of a codicil can differ across jurisdictions. It may serve to amend, rather than replace, a previously executed will, serve as an alternative or replacement to a will, or in some instances have no recognized ...
Types of testamentary dispositions include: Gift (law), assets that have been legally transferred from one person to another. Legacy, testamentary gift of personal property, traditionally of money but may be real or personal property. Life estate, [1] a concept used in common and statutory law to designate the ownership of land for the duration ...
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