Revocation by Physical Act

Slides:



Advertisements
Similar presentations
Copyright © 2004 by Prentice-Hall. All rights reserved. PowerPoint Slides to Accompany BUSINESS LAW E-Commerce and Digital Law International Law and Ethics.
Advertisements

 1. Mental Capacity  2. Revocation Intent  3. Physical Act -- § 63  “destroying or canceling” ▪ By testator, or ▪ By proxy in testator’s presence.
 Child born or adopted after Testator executes the will. ▪ Note: Some states include children born before will execution who are omitted from the will.
Final Draft and Execution of a Valid Will
 Attested (witnessed)  Holographic (handwritten)  Nuncupative (oral)  Others  Military  Notarized (UPC)
Wills, Intestacy, and Estate Planning
 1. Ademption  2. Divorce  1. Ademption  2. Divorce  3. Lapse.
 No requirement regarding what written on or with.
 In about 50% of the states including Texas, removes the attestation requirement.  Some states add requirements before witnessing excused such as: ▪
 Gift fails (lapses) because beneficiary dies before testator.
Transfers at Death Wills February 14, 2008 Rachel Kirk.
Intro & Overview Two Basic Methods of Transfer at Death By Will By Statute (No Will) Testate Intestate.
 1. What law applies?  Personal property = intestate’s domicile at death  Real property = situs of real property.
© 2007 Prentice Hall, Business Law, sixth edition, Henry R. Cheeseman Chapter 52: Wills, Trusts, and Living Wills Chapter 52: Wills, Trusts, and.
© 2010 Pearson Education, Inc., publishing as Prentice-Hall 1 WILLS, TRUSTS, AND ELDER LAW © 2010 Pearson Education, Inc., publishing as Prentice-Hall.
 Single document containing wills of two or more persons.
 Determine testator’s actual intent from will or permissible extrinsic evidence.
Chapter 21.2: Estate Planning
Wills, Trusts, and Living Wills
LAW for Business and Personal Use © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
Wills, Trusts and Estates Chapter 14. Terminology Decedent – the one who dies Heirs – the persons who take property from the decedent when the decedent.
45.1 b a c kn e x t h o m e Chapter 45 Objectives Describe a will, its characteristics, and the limitations on disposition of property. Explain formalities.
 A will which states that it is effective only if a stated event occurs (or does not occur).  “This will is effective only if I die in 2012.”  “This.
Chapter 46 Wills and Trusts. 2  What are the basic requirements for executing a will?  How may a will be revoked?  What is the difference between a.
Chapter 5 Wills: Validation Requirements, Modification, Revocation, and Contests.
26-1 Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.
Copyright © 2009 by Pearson Prentice Hall. All rights reserved. PowerPoint Slides to Accompany CONTEMPORARY BUSINESS AND ONLINE COMMERCE LAW 6 th Edition.
 1. Mental Capacity  2. Revocation Intent  3. Physical Act – EC §  “destroying or canceling” ▪ By testator, or ▪ By proxy in testator’s.
Chapter 24 Wills, Estates, and Trusts
 Upon felony or treason conviction, all property to government.  Prohibited in Texas.  Constitution Art. I, § 21  EC § (a)
45.1 Law for Business, 15e by Ashcroft Chapter 45: Wills, Inheritances, and Trusts Law for Business, 15e, by Ashcroft, © 2005 West Legal Studies in Business,
 Attested (witnessed)  Holographic (handwritten)  Nuncupative (oral)  Others  Military  Notarized (UPC)
24-1 Legal Consequences of Death 24-2Trusts 1 Chapter 24 CHAPTER 24.
Source Page US:official&tbm=isch&tbnid=Mli6kxZ3HfiCRM:&imgrefurl=
 Gift fails (lapses) because beneficiary dies before testator.
WILLS PA 221 – Unit Six. Unit 6 Assignment Draft a Will Lear Fact Pattern 4-6 Pages Double-Spaced LOOK AT PP and !!
Путешествуй со мной и узнаешь, где я сегодня побывал.
 Event must occur before beneficiary may claim the gift.  “I leave $10,000 to X if she is a law school graduate at the time of my death.”
Unit 7: Wills, Estates, and Trusts. Wills Will provides for a Testamentary disposition of property. –A will is the final declaration of how a person desires.
Mid-Term Review Session
Chapter 21.2: Estate Planning
Law for Business, 15e by Ashcroft
Wills: Validity Requirements, Modification, Revocation, and Contests
The Last Will and Testament
Pour Over Provisions.
Wills Introduction.
Page 1. Page 2 Page 3 Page 4 Page 5 Page 6 Page 7.
مراجعة عامة.
Lapse.
4. Formalities Introduction
Trust Purposes.
Legal Consequences of Death
2.4 Constructivist Theory
ВОМР Подмярка 19.2 Възможности за финансиране
Споразумение за партньорство

4. Formalities Introduction
Ademption by Extinction
Lapse.
Will Contest Grounds.
Revival.
Combination Wills.
4. Formalities Holographic Wills EC §
Revocation by Subsequent Writing Estates Code §
Survival.
Contents.
Election Wills.
Mistake.
Pour Over Provisions.
Trust Purposes.
Presentation transcript:

Revocation by Physical Act

Requirements to Revoke by Physical Act 1. Mental Capacity

Requirements to Revoke by Physical Act 2. Revocation Intent

Requirements to Revoke by Physical Act 3. Physical Act – EC § 253.002 “destroying or canceling” By testator, or By proxy in testator’s presence.

Requirements to Revoke by Physical Act 4. Concurrence of first three requirements.

Problems 1-4 on pages 165-166

Remedy if intent and physical act do not mesh 1. If no evil conduct No remedy – will is not revoked.

Remedy if intent and physical act do not mesh 2. If evil conduct Constructive trust. Morris v. Morris – p. 166

Partial revocation by physical act Examples: I leave $10,000 to Steve McGarrett. I leave $10,000 to each of Steve McGarrett and Daniel Williams. Approach varies by jurisdiction: Effective to revoke gift No effect on gift What policy supports each approach?

Partial revocation by physical act Texas Typed will – Leatherwood v. Stephens – p. 168 Holographic will

Partial revocation by physical act 1. I leave my house to X. 2. I leave $10,000 to Y. 3. I leave the rest to Z. What result?