Estate planning
Estate planning is the process of anticipating and arranging for the disposal of an estate during a person's life. Estate planning typically attempts to eliminate uncertainties over the administration...
West Seattle couple leaves all their assets — $847,215 — to Uncle Sam
West Seattle residents Peter Petrasek and his wife, Joan, willed their entire estate to “the United States of America.” Americans often go to great lengths to keep the government off their assets. Bu...
Estate planning
http://www.MondayMentor.com Attorney and asset protection expert JJ Childers discusses Estate Planning. For more info visit http://www.MondayMentor.com.
Will (law)
A will or testament is a legal declaration by which a person, the testator, names one or more persons to manage his or her estate and provides for the distribution of his or her property at death. For...
Trust (law)
In common law legal systems, a trust is a relationship whereby property is held by one party for the benefit of another. A trust is created by a settlor, who transfers some or all of his or her proper...
West Seattle couple leaves all their assets — $847,215 — to Uncle Sam
West Seattle residents Peter Petrasek and his wife, Joan, willed their entire estate to “the United States of America.” Americans often go to great lengths to keep the government off their assets. Bu...
Voting trust
A voting trust is an arrangement whereby the shares in a company of one or more shareholders and the voting rights attached thereto are legally transferred to a trustee, usually for a specified period...
Charitable trust
A charitable trust is an irrevocable trust established for charitable purposes, and is a more specific term than "charitable organization".
In India, trusts set up for the social causes and appr...
Offshore trust
An offshore trust is simply a conventional trust that is formed under the laws of an offshore jurisdiction.Generally offshore trusts are similar in nature and effect to their onshore counterparts; the...
Testamentary trust
A testamentary trust (sometimes referred to as a will trust or trust under will) is a trust which arises upon the death of the testator, and which is specified in his or her will. A will may contain m...
Resulting trust
A resulting trust (from the Latin 'resultare' meaning 'to jump back') is the creation of an implied trust by operation of law, where property is transferred to someone who pays nothing for it; and the...
Express trust
Where property is passed from an owner to a person an implied express trust, but no gift is made by the owner to that person, it is therefore held for the owner by the person, and this is the Resultin...
Will contest
A will contest, in the law of property, is a formal objection raised against the validity of a will, based on the contention that the will does not reflect the actual intent of the testator (the party...
Probate court
A probate court (also called a surrogate court) is a specialized court that deals with matters of probate and the administration of estates. Probate courts administer proper distribution of the assets...
Fixed trust
In common law legal systems, a trust is a relationship whereby property is held by one party for the benefit of another. A trust is created by a settlor, who transfers some or all of his or her proper...
Administration of an estate on death
In common-law jurisdictions, administration of an estate on death arises if the deceased is legally intestate, meaning they did not leave a will, or some assets are not disposed of by their will.Where...
Intestate succession
Intestacy is the condition of the estate of a person who dies owning property whose value is greater than the sum of their enforceable debts and funeral expenses without having made a valid will or ot...
Holographic will
A holographic will is a will and testament that has been entirely handwritten and signed by the testator. Traditionally, a will must be signed by witnesses attesting to the validity of the testator's...
Secret trust
A secret trust is a trust which arises when property is left to a person (the legatee) under a will on the understanding that they will hold the property as trustee for the benefit of beneficiaries wh...
Sound mind
Sanity (from Latin: sānitās) refers to the soundness, rationality and healthiness of the human mind, as opposed to insanity. A person is not considered sane anymore just if he/she is rational. In ...
Asset-protection trust
An asset-protection trust is a term which covers a wide spectrum of legal structures. Any form of trust which provides for funds to be held on a discretionary basis falls within the category. Such tru...
Unit trust
A unit trust is a form of collective investment constituted under a trust deed.Found in Fiji, Ireland, the Isle of Man, Guernsey, Jersey, New Zealand, Australia, Namibia, South Africa, Singapore, Mala...
Spendthrift trust
A spendthrift trust is a trust that is created for the benefit of a person (often unable to control his spending) that gives an independent trustee full authority to make decisions as to how the trust...