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exceptions to the rule of lapsethere is no lapse in either of the following cases1 where the gift or disposition is made in discharge of a moral
uncertaintya gift or disposition not expressive of any definite intention shall be void for uncertainty ie a gift under a will fails where there is
ademptionif property which has been specifically bequeathed does not belong to the testator at the time of his death or has been converted into
causes of failure of legacies and gifts of residue1 ademptionif property which has been specifically bequeathed does not belong to the testator at
cumulative and substitutional legacies and deviseswhere a will makes two gifts of unequal amounts to the same person they are assumed in the absence
types of interest given under a willthe interest given in a legacy devise or gift of residue may be of the following kinds-1 vested a vested interest
a gift of residuewhere property is not given by a specific legacy nor by a general legacy it makes up the residue of the testators estate if the
types of gift by way of a willa a special or specific legacy is a testamentary gift of a particular part of the property of the testator which
characteristics of a will1 dispositionary a will disposes the deceasedrsquos property2 formality for a will to be valid it must be
revocation alteration and revival of a will1 a will may be revoked or altered by the maker of it at any time when he is competent to dispose of his
conditions of a willa written will is not valid unless it fulfills the following conditions1 the testator must sign the will or he must affix his
a valid willa will may be made orally it will not be valid unless1 it is made before two or more competent witnesses ie persons of sound mind and
willsa will is the legal declaration by a person of his wishes or intentions regarding the disposition of his property after his death duly made and
rules of intestacyleaves several wivesthe intestate leaves several wives married under any system of law which permits polygamy his personal and
the intestate leaves one surviving spouse and childrenthe surviving spouse is entitled toa the personal and household effects of the deceased
the intestate leaves one surviving spouse but no child or childrenthe surviving spouse is entitled to1 the personal and household effects of the
the intestate leaves no spouse but childrenthe net estate devolves upon the surviving children and is divided equally between them if any child has
the intestate leaves no spouse and no childrenthe net estate devolves as follows to hisfather or if deadmother or if deadbrothers and sisters and any
the rules of intestacyagricultural land crops and livestock in certain areas of kenya are not covered by these rules they are distributed according
distribution under the intestacy provisionswhen a person dies without leaving a will his estate is distributed according to the law of succession act
executorshipexecutorship is the body of statute law case law and practice concerning the management of the estate of a deceased person in what
accounts requiredthis can be summarized depending on the nature of the situation in a receivership you may be required to prepare a receivers receipt
items reducing the deficititems reducing the deficit would includea profits from tradingb estimated profit on the realisation
the deficiency accountpurpose of deficiency accountthe purpose of the deficiency account is to explain the deficit shown on the statement of affairs
the statement of affairsthe statement of affairs sets outa the various assets of the debtor at the values they are expected to realiseb the creditors