Unit 3. Property Division keys

Find in the text English equivalents of the following phrases:

спор о разделе имущества	property dispute
справедливое распределение имущества	equitable distribution
общее имущество супруг ов	community property
доход	proceeds

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

1. A property dispute is submitted to the court when the couple cannot agree on dividing property and debts. Answer: TRUE

2. Division of property is awarding each spouse a percentage of the total value of the property. Answer: TRUE

3. In equitable (fair) distribution, the property is divided equally between the spouses. Answer: FALSE

Correct version: two-thirds of the assets go to the higher wage earner and one-third to the other spouse

4. The higher wage earner gets the larger share of the property in equitable distribution. Answer: TRUE

5. All earnings during marriage and everything acquired with those earnings are community property. Answer: TRUE

6. A business owned by one spouse before the marriage remains his separate property during the marriage. Answer: INCOMPLETE

Correct version: .. .although a portion of it may be considered community property if the business increased in value during the marriage or both spouses worked at it.

Answer the following questions:

1. How is community property different from separate property?

2. How is equitable distribution different from the distribution of community property?

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Unit 4. Wills keys

Comments:

it will go into your state's coffers – (имущество) отойдет в пользу вашего штата to wind up – улаживать, разрешать (вопрос), заниматься (делами)

Find in the text English equivalents of the following phrases:
завещание	will
составить завещание – 1	to make a will
составить завещание – 2	to draft a will
собственноручно составленное завещание	holographic will
наследование при отсутствии завещания	intestate succession
получить что-то по завещанию	to inherit something under the	will
подписывать в качестве свидетеля	to witness
суд по делам о завещаниях и наследствах	probate court
проверка	muster
пройти проверку	to pass muster

WILL- подберите к английским клише соответствующие русские сочетания Ключ:

acknowledgment of will	официальное признание подлинности завещания завещателем под присягой
to administer to a will	управлять наследством (в качестве душеприказчика)
autograph will	собственноручно написанное завещание
bad will	завещание, не имеющее законной силы
declaration of will	волеизъявление; заявление о составлении завещания
disputable will	завещание, могущее стать предметом судебного спора
disputed will	оспариваемое завещание
reciprocal will	взаимное завещание (супругов)
guardian appointed by will	опекун по завещанию

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

1.

2.

3. 4.

5.

6.

7.

8.

If there is nobody to inherit a deceased person's property, the state takes it. Answer: TRUE

It's the court that determines who should care for the deceased person's children and their

property.

Answer: INCOMPLETE

Correct version: in the absence of a will, a court will determine...

One can draft his/her will without the aid of a lawyer. Answer: TRUE

Handwritten wills are as valid in the USA as typewritten wills. Answer: INCOMPLETE

Correct version: legal in about 25 states

Handwritten wills are not recommended because they are not usually witnessed. Answer:

TRUE

To be valid a will must be dated and signed by the will maker. Answer: INCOMPLETE

Correct version: also signed by at least two/three witnesses

Witnesses who sign the will inherit part of the property. Answer: FALSE

Correct version: Witnesses are people who don't inherit anything under the will.

A will doesn't require notarization. Answer: TRUE

Answer the following questions:

1. What is intestate succession?

2. What does one need to draft a will?

3. What does a handwritten (holographic) will need in order to be valid?

4. Why are handwritten wills not recommended?

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