admin

About admin

This author has not yet filled in any details.
So far admin has created 34 blog entries.

Heirs

By |May 25th, 2009|Glossary of Terms|0 Comments

A person who acquires property based on intestate succession, that is, if the decedent does not leave a will. This is usually a descendant or another close relative.

Estate

By |May 25th, 2009|Glossary of Terms|0 Comments

The possessions of a decedent that are subject to probate. The Estate is also a legal entity, represented by the personal representative, empowered to hold and distribute the decedent’s property, pay the decedent’s debts, and collect obligations owed to the decedent.

Devisees

A person who receives real property under a will.

Beneficiaries

A person or entity entitled to receive property under a trust or will.