What kind of succession will take place upon manings death


Problem

Maning executed a document which was entirely written, dated and signed by her, indicating that upon her death, her house and lot situated near the mall will go to her daughter Quintana, while her Mitsubishi Adventure car will be inherited by her son Reynante. Maning failed to include in the document her ownership of shares of stocks in Sorsano Corporation.

In the executed document, she identified Fila to temporarily manage the property and see to it that its disposal shall be in accordance with the provisions contained in the document. Three months after execution, Maning died.

a. What is the most appropriate term of the document?

b. What kind of succession will take place upon Maning's death?

c. How do you call Quintana and Reynante as heirs to the properties identified in the document?

d. What is the most appropriate term for Fila?

e. When will the rights to the property be transmitted to Quintana?

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Accounting Basics: What kind of succession will take place upon manings death
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