- In real estate, the testator is most often used to refer to a deceased individual who left behind an inheritance that is being sold or bought. In many cases, this involves a stipulation in the will by the testator that the property is sold and the proceeds distributed among those named in the will.
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A testator is a person who makes a valid will. A will is the document through which a deceased person disposes of his property. A person who dies without having made a will is said to have died intestate. A testator must be of sound mind when making a will.
The definition of a testator in real estate is an individual who makes or leaves a valid will detailing how their possessions are to be divided or distributed among their heirs. The testator can refer to anyone, regardless of whether the person is living or dead, so long as their will is valid.
Your Real Estate Dictionary Main Menu. Real Estate School Menu Toggle. ... Testator—One who leaves a will in force at his death. 0. 0. Related Articles.
Feb 16, 2017 · A testator is a person who creates a will. Commonly, a female who makes a will is referred to as a “testatrix,” though some do not follow this formal title. A will is a document that someone can create either himself, or with the help of an attorney, that dictates who will inherit his property and assets upon his death.
Testator is a person who makes a will. A deceased person who died leaving a valid will is a testator. A will is a legal document declaring a person's wishes regarding the disposal of their property when they die. A person who dies without having made a will is said to have died intestate.
A document in which a person specifies the method to be applied in the management and distribution of his estate after his death. A will is the legal instrument that permits a person, the testator, to make decisions on how his estate will be managed and distributed after his death.
Sep 04, 2020 · Essentially, real estate law definition is any rule that tells you who can use a property but also how it can be used; it isn’t reserved for just finance contracts or the actual sale of a property. Real estate and real property law also govern the use of any structures on the land and it even governs how materials below the land can be used ...
The definition of a testator in real estate is an individual who makes or leaves a valid will detailing how their possessions are to be divided or distributed among ...
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