What does the term issue mean in a will?
In the law of trusts and estates, an issue is a lineal descendant of an individual. For example, a person’s grandchild will be considered an issue. Lawyers in these fields will often have to determine all living issues of a decedent.
What does no issue mean in a will?
Filters. To die without children or descendant heirs (spouse is not considered issue). adjective.
Who is the living issue in a will?
a person’s children or other lineal descendants such as grandchildren and great-grandchildren.
What are the terms of the will?
Here are some terms you need to know as you create your will.
- Testator: The testator is the person who is making the will and signing his or her name.
- Beneficiary: A beneficiary is someone who receives an inheritance through a will.
- Bequest: A bequest is a provision in a will that leaves property to someone.
What does issue mean in probate?
Formally, California Probate Code Section 50 provides: “Issue” of a person means all his or her lineal descendants of all generations, with the relationship of parent and child at each generation being determined by the definitions of child and parent.
What is my issue per stirpes?
The term “per stirpes” is a Latin term that means “by representation” or “by branch,” and it has specific meaning in estate planning. If I were to say, I give my asset to my descendants, per stirpes, I would essentially be saying that each branch of my descendants get an equal share.
Who gets assets when there is no will?
Children – if there is no surviving married or civil partner If there is no surviving partner, the children of a person who has died without leaving a will inherit the whole estate. This applies however much the estate is worth. If there are two or more children, the estate will be divided equally between them.
What does issue mean legally?
any point in dispute between
1. In general, any point in dispute between different parties. 2. In the law of trusts and estates, the lineal descendants of an individual.
Can an executor decide who gets what?
Can an Executor Decide ‘Who Gets What’? No, the Executor of your will cannot just decide who gets what. Among other tasks, the executor is primarily responsible for giving away your assets as per the instructions in the will.
What is it called when someone is over your estate?
Executor. The person named in a will to manage the deceased person’s estate; called the personal representative in some states. The executor collects the property, pays any debt, and distributes the remaining property according to the terms of the will.
What does have issue mean?
Definition of have issues 1 : to have problems that make one unhappy and difficult to deal with He seemed nice enough at first, but it turns out he has (a lot of) issues. She has serious anger issues.