Nuncupative Will

DEFINITION of 'Nuncupative Will'

A verbal will that must have two witnesses and can only deal with the distribution of personal property. A nuncupative will is considered a "deathbed" will, meaning that it is a safety for people struck with a terminal illness and robbed of the ability or time to draft a proper written will.

BREAKING DOWN 'Nuncupative Will'

Nuncupative wills are usually considered invalid, especially when they contradict an existing legal will.

RELATED TERMS
  1. Terminally Ill

    A person who is sick and is diagnosed with a disease that will ...
  2. Foreign Draft

    An alternative to foreign currency. A foreign draft is a bank ...
  3. Demand Draft

    A method used by individuals to make transfer payments from one ...
  4. Bank Draft

    A type of check where the payment is guaranteed to be available ...
  5. Acceptance

    A contractual agreement on a time draft or sight draft to pay ...
  6. Treasurer's Draft

    A type of bank draft that is payable through a designated bank. ...
Related Articles
  1. Retirement

    Estate Planning: Introduction To Wills

    by Cathy Pareto, CFP®, AIF® (Contact Author | Biography) A will is a document that describes how you want your property and owned interests distributed after your death. Why You Need ...
  2. Professionals

    Wills

    Wills
  3. Professionals

    Terminal illness

    Terminal illness
  4. Personal Finance

    What's a Bank Draft?

    A bank draft is a type of check. The bank guarantees payment, making it a more attractive option for the check recipient.
  5. Professionals

    Introduction

    Introduction
  6. Taxes

    Must Do No. 10: Create A Will

    Find out what you need to prepare to avoid serious estate planning mistakes.
  7. Investing Basics

    What is Terminal Value?

    The terminal value of an asset is its anticipated value on a certain date in the future.
  8. Retirement

    Why You Should Draft A Will

    Don't trust the courts to follow your wishes - plan the distribution of your own assets.
  9. Retirement

    6 Steps to Update or Change Your Will

    Life changes – a new marriage, the birth of a child – can necessitate changes in your will.
  10. Entrepreneurship

    The Conversation

    It's been said that people make a lasting decision about you within the first 20 seconds of meeting you. You don't want to make these first impression blunders.
RELATED FAQS
  1. How can I cancel a bank draft that I have purchased?

    Learn about what a bank draft is and how it works, the circumstances under which a bank draft may be cancelled, and what ... Read Answer >>
  2. What can cause the terminal growth rate to be negative?

    Learn about the assumptions built into terminal valuations and in what circumstances the applied terminal growth rate might ... Read Answer >>
  3. How can an investor terminate a derivative contract?

    Read a brief overview about some of the different ways that derivatives traders can terminate their contracts early, including ... Read Answer >>
  4. When evaluating terminal value, should I use the perpetuity growth model or the exit ...

    Examine the important calculation of a terminal value in discounted cash flow analysis, and learn which method of calculating ... Read Answer >>
  5. When and why should the terminal value be discounted?

    Find out why investors use the terminal value, why the terminal value is discounted to the present day, and how it's related ... Read Answer >>
  6. What is the average cost of a making a will?

    Learn about the costs of establishing a legally enforceable will, and discover the differences between hiring a lawyer for ... Read Answer >>
Hot Definitions
  1. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  2. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  5. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  6. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
Trading Center