Unit 4. Can I use my will…? keys

Comments:

until they are well into adulthood - пока они давно не станут взрослыми

Find in the text English equivalents of the following phrases:

опекун, попечитель - 1	guardian
опекун, попечитель - 2	custodian
опека, попечительство	guardianship
опекунство	custodianship
доверительная собственность, опека (над имуществом и т. п.)	trust
назначить опеку над имуществом	to set up trust
прекратить опеку над имуществом	to end the trust
общая доверительная собственность	pot trust
доверительный собственник	trustee
налоговая декларация	tax return
подавать налоговую декларацию	to file a tax return

WILL - подберите к английским клише соответствующие русские сочетания Ключ:-

lapsed will	завещание, потерявшее силу вследствие смерти наследника до смерти завещателя
nominative will	завещание в пользу определенного лица
notarial will	нотариально оформленное завещание
official will	завещание в пользу наследников по закону
parol will .	устное завещание
probated will	утвержденное завещание,
to renounce the will	отказаться от причитающегося по завещанию
will contest	оспаривание завещания
will in issue	завещание,являющееся предметом судебного спора
will of the decedent	воля умершего, завещание

Say whether the following statements are TRUE, FALSE or INCOMPLETE. In case of FALSE or INCOMPLETE statements give the correct version.

1. Minors don't inherit property. Answer: TRUE Correct version: Children under 18 can inherit property.

2. The custodian will manage the property until the child reaches the age of 21. Answer: INCOMPLETE

Correct version: ... .under the age set by your state's law.

3. Serving as a trustee is the same as serving as a custodian. Answer: FALSE Correct version: Serving as a trustee is more work than is serving as a custodian.

3. One trust for all children is called a pot trust. Answer: TRUE

Answer the following questions:

What does one need to do to set up a custodianship?

Who is a personal guardian and what is he/she responsible for?

Who appoints the personal guardian?

What does a person called a custodian do?

Is trustee the same as custodian¹?

What is the main drawback of the pot trust?

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Unit 4. Can I disinherit relatives I don’t like? keys

Comments:

safe deposit box - депозитарный ящик в банке

Find in the text English equivalents of the following phrases:

лишать наследства	to disinherit
законная доля (наследства)	statutory share
потеря жилища	loss of residence
пропущенный, не упомянутый наследник	pretermitted heir
имущество, собственность	estate
исполнитель завещания, душеприказчик	executor
исполнить волю (умершего)	to carry out a wish

HEIR - подберите к английским клише соответствующие русские сочетания Ключ:

conventional heir	наследник по договору, наследник, право которого основано на договоре с наследодателем
expectant heir	лицо, ожидающее получения наследства
forced heir	наследник, имеющий по закону гарантированную долю в наследстве, обязательный наследник
heir at law	наследник по закону
heir by adoption	наследник по усыновлению
heir presumptive	предполагаемый наследник
indubitable heir	несомненный наследник
joint heirs	сонаследники
last heir	последний наследник (государство, наследующее выморочное имущество)
last-resort heir	наследник последней очереди
testamentary heir	наследник по завещанию

Say whether the following statements are TRUE, FALSE or INCOMPLETE. In case of FALSE or INCOMPLETE statements give the correct version.

1. Any relative can be disinherited. Answer: INCOMPLETE

Correct version: It is not usually possible to disinherit a spouse completely.

2. A child who is not named in a will is disinherited. Answer: FALSE Correct version: If a child is not named in a will, the law assumes that the will maker accidentally forgot to include him.

3. Pretermitted heir statutes apply to children not mentioned in the will. Answer: INCOMPLETE

Correct version: In some states, these laws also apply to grandchildren by a child who has died.

4. If a person has a new child after he has made his will, he needs to make a new will. Answer: TRUE

5. An executor is a person who knows where to find the will. Answer: INCOMPLETE Correct version: An executor is responsible for seeing that the will maker's wishes are carried out as directed by the will.

Answer the following questions:

1. How can one disinherit their relatives?

2. How are spouses protected from being disinherited?

3. Can a child be disinherited?

4. What are "pretermitted heir" statutes?

5. What does the overlooked child's share of inheritance depend on?

6. What does one have to do to disinherit his children?

7. Who is an executor?

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