Law 2101 Lecture 17: Wills
4 Apr 2018
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Document Summary
Particular item left for a beneficiary is called a request. If you leave cash, then it is called a legacy. Certificate of appointment of estate trustee (probate) is only required where estates assets justify it: pronate tax paid based on value of estate, you can t transfer land unless you have this. It is to demonstrate that the trustee has the power to sell or do whatever you want with the estate. Certificate of appointment of estate trustee without a will. For distribution: no children: 100% to spouse, 1 child: spouse gets preferential share and divided the balance with child, 1+ children: same as above but spouse gets 1/3 of balance, children get 2/3. If there are no family, then it will go to the government.
