Real Property Clause In Will In Georgia
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Examples of Residuary Clause Wording “I give, devise, and bequeath all the rest, residue, and remainder of my estate, real and personal, of whatever nature and wherever situated, to Name of Beneficiary, if they survive me.
Examples of Residuary Clause Wording “I give, devise, and bequeath all the rest, residue, and remainder of my estate, real and personal, of whatever nature and wherever situated, to Name of Beneficiary, if they survive me.
More general clauses imposing a survivorship condition on all beneficiaries are also possible though, for example: “Every person who would benefit under this Will but who fails to survive me by 30 days shall be treated for the purposes of the devolution of my estate as having predeceased me.”
A residuary clause outlines what should happen to any property that has not been addressed in your documents or assigned to a beneficiary. Without a residuary clause, your loved ones may be subjected to complications in the probate or trust administration process.
You normally need not get very specific, unless an object is particularly valuable. It is enough to list the location of the property: "all household furnishings and possessions in the apartment at 55 Drury Lane."
Creating a codicil to a Will is as simple as putting your updated wishes in writing. Do so by first reading through your current Will and making note of the changes you want made or the mistakes you want fixed.
For example, a survivorship clause might state "A beneficiary must survive me by 30 days to receive any bequest under this will. If a beneficiary does not survive me by 30 days, their share shall pass as if they predeceased me."
The default rule in Georgia is that the power of the Executor of a will is limited. In this situation, they must ask the permission of the court to complete specific tasks related to the administration of the deceased inheritance, such as selling an estate property.
REAL PROPERTY Land and things attached to land; buildings, fences, walls, trees, growing crops, etc. SPOUSE ALLOWANCE The surviving spouse's right to request up to $2000 from the personal representative in addition to any provisions for his/her benefit contained in a Will or by intestate law.