Glossary of United States Probate Terms: Difference between revisions

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'''Bequest -''' A ''bequest'' is the personal property assigned in a will.  
'''Bequest -''' A ''bequest'' is the personal property assigned in a will.  


'''Bond - '''The ''bond'' is the legal instrument used to commit the bondsman to pay a certain fee if an agreement or act was not carried out.  
'''Bond - '''In most probate cases, the court required the administrator, (and sometimes the executor, guardian, appraiser, and trustee) to post a ''bond'' to ensure that he would properly complete his duties. The bond required that a fee be paid to the court if duties weren't adequately performed. One or more persons were required to co-sign the bond as "sureties."


'''Bondsman -''' A ''bondsman'' is a person who pledges a sum of money as bond in another's behalf.  
'''Bondsman -''' A ''bondsman'' is a person who pledges a sum of money as bond in another's behalf.  
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'''Widow's election - '''A ''widow's election'' is the widow's right to either accept what was granted to her by her husband's will or to accept the share granted to her by state statute.   
'''Widow's election - '''A ''widow's election'' is the widow's right to either accept what was granted to her by her husband's will or to accept the share granted to her by state statute.   


'''Will -&nbsp;'''Technically, a ''will'' is the document in which the testator distributes (devises) real property. This term is often used in place of "last will and testament." (See article on [[United_States_Probate_Wills|Wills]] for more information.)<br>
'''Will -&nbsp;'''Technically, a ''will'' is the document in which the testator distributes (devises) real property. This term is often used in place of "last will and testament." (See article on [[United States Probate Wills|Wills]] for more information.)<br>  


'''Witness - '''A ''witness'' is a person who attests to actions or events personally seen.  
'''Witness - '''A ''witness'' is a person who attests to actions or events personally seen.  
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