Jono material: equity terms

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/12

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

13 Terms

1
New cards

Estate

property left by the deceased

2
New cards

Intestacy

died without having made a valid will or there is some part of it that fails for some reason

3
New cards

A disposition; distribution; gift of the property

a gift made to a person

4
New cards

residue

part of the estate left behind after payment of debts & gifts

5
New cards

Probate

process by which the high court confirms the deceased’s last valid will and executor’s right to administer the estate

6
New cards

adminisration

process of managing and distributing the estate

7
New cards

administrator

person appointed by the court to administer estate in certain circumtances

8
New cards

executor

person appointed by the will-maker to carry out terms of the will

9
New cards

personal chattels

phyical things owned

10
New cards

prescribed amount

sum automatically awarded to surviving partner

11
New cards

remainder of residue

there isn’t something valid to prescribe the remained to

12
New cards

surviving partner

husband / wife / civil union partner / surviving de facto partner

13
New cards

issue

child