New York Laws > Estates, Powers and Trusts > Article 3 > Part 1 – Who May Make and Receive Testamentary Dispositions of Property; What Property May Be Disposed of By Will
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§ 3-1.1 | Who may make wills of, and exercise testamentary powers of |
§ 3-1.2 | What property may be disposed of by will |
§ 3-1.3 | Who may receive testamentary dispositions of property; |
Terms Used In New York Laws > Estates, Powers and Trusts > Article 3 > Part 1 - Who May Make and Receive Testamentary Dispositions of Property; What Property May Be Disposed of By Will
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Continuance: Putting off of a hearing ot trial until a later time.
- Conviction: A judgement of guilt against a criminal defendant.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Personal property: All property that is not real property.
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
- Probate: Proving a will
- Testator: A male person who leaves a will at death.
- Trustee: A person or institution holding and administering property in trust.