- 1. a person who has made a will or given a legacy.
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Jan 11, 2016 · 1675-1685 Latin per stirpes (literally: by stocks) Per Stirpes in Estate Planning. When making out a will, the testator should consider where he wants his assets to go should a named beneficiary die before him. It is common for that deceased beneficiary’s inheritance to go to his or her children, which is a per stirpes distribution. The ...
The testator must clearly identify themselves as the maker of the will, and that a will is being made; this is commonly called "publication" of the will, and is typically satisfied by the words "last will and testament" on the face of the document. The testator should declare that he or she revokes all previous wills and codicils. Otherwise, a ...
Legal definition of teste: the witnessing or concluding clause of an instrument (as a writ).
Bequeath definition, to dispose of (personal property, especially money) by last will: She bequeathed her half of the company to her niece. See more.
Institution definition is - an established organization or corporation (such as a bank or university) especially of a public character. How to use institution in a sentence.
Probate Fees: Valuing the Assets of the Estate This Tax Topic is the second of a two part series on probate fees. It will examine the assets that are included in a determination of the value of the estate for probate fee purposes. A discussion on planning opportunities to avoid probate fees is also reviewed. The discussion in