Term
| Administrator de bonis non |
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Definition
| Personal representative appointed by the courtr when a previous administrator fails to complete the administration. |
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Term
| Administrator cum testamento annexo |
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Definition
| Personal representative appointed by the court when the will fails to name an executor or the named executor fails to complete the administration. |
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Term
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Definition
| Person who inherits property under a will; recipient of insurance proceeds. |
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Definition
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Term
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Definition
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Term
| Administrator de bonis non |
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Definition
| Personal representative appointed by the court when a previous administrator fails to complete the administration. |
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Term
| Administrator cum testamento annexo |
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Definition
| Personal representative appointed by the court when the will fails to name an executor or the named executor fails to complete the administration. |
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Term
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Definition
| Person who inherits property under a will; recipient of insurance proceeds. |
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
| Short-term life insurance policy in which proceeds are paid to the insured, if alive at the end of the term, or to a beneficiary named in the policy if the insured is deceased. |
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Term
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Definition
| Process of collecting assets, paying debts, and distributing a persons assets after his death. |
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Term
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Definition
| Process of helping a person accumulate assets during his life and allocate them on his death. |
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Term
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Definition
| Personal representative named in a will. |
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Term
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Definition
| Strategy to help a person acquire assets. |
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Term
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Definition
| Estate administration including all notices and a hearing. |
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Term
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Definition
| Personal representative appointed by the court for an intestate |
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Term
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Definition
| Retaining rights to property, such as the ability to sell the property, benefit from the property, etc. |
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Term
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Definition
| Estate administration for small estates, permitted in some states. |
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Term
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Definition
| Person who dies without a valid will. |
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Term
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Definition
| Title to property held by more than one person with a right of survivorship. |
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Term
| Letters of administration |
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Definition
| Court order authorizing a personal representative of an intestate to administer the estate. |
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Term
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Definition
| Court order authorizing a personal representative of an intestate to administer the estate. |
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Term
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Definition
| Trust created to take effect during a persons life. |
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Term
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Definition
| Estate tax advantage for property given to surviving spouseit passes tax free. |
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Term
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Definition
| Fiduciary responsible for administering a decedents estate. |
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Term
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Definition
| To prove a will is valid. |
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Term
| Qualified terminable interest property |
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Definition
| Property given to surviving spouse that qualifies as a marital deduction even though the spouses interest is not absolute ownership. |
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Term
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Definition
| Joint ownership of property for legally married husbands and wives, with a right of survivorship. |
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Term
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Definition
| Person who dies with a valid will. |
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Term
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Definition
| Life insurance in which premiums and face amount remain constant and the insured has property rights in the policy. |
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Term
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Definition
| Document used to dispose of a persons property after death. |
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Term
| Administrator de bonis non |
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Definition
| Personal representative appointed by the court when a previous administrator fails to complete the administration. |
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Term
| Administrator cum testamento annexo |
|
Definition
| Personal representative appointed by the court when the will fails to name an executor or the named executor fails to complete the administration. |
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Term
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Definition
| Person who inherits property under a will; recipient of insurance proceeds. |
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
| Short-term life insurance policy in which proceeds are paid to the insured, if alive at the end of the term, or to a beneficiary named in the policy if the insured is deceased. |
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Term
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Definition
| Process of collecting assets, paying debts, and distributing a persons assets after his death. |
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Term
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Definition
| Process of helping a person accumulate assets during his life and allocate them on his death. |
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Term
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Definition
| Personal representative named in a will. |
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Term
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Definition
| Strategy to help a person acquire assets. |
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Term
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Definition
| Estate administration including all notices and a hearing. |
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Term
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Definition
| Personal representative appointed by the court for an intestate |
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Term
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Definition
| Retaining rights to property, such as the ability to sell the property, benefit from the property, etc. |
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Term
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Definition
| Estate administration for small estates, permitted in some states. |
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Term
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Definition
| Person who dies without a valid will. |
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Term
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Definition
| Title to property held by more than one person with a right of survivorship. |
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Term
| Letters of administration |
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Definition
| Court order authorizing a personal representative of an intestate to administer the estate. |
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Term
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Definition
| Court order authorizing a personal representative of an intestate to administer the estate. |
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Term
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Definition
| Trust created to take effect during a persons life. |
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Term
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Definition
| Estate tax advantage for property given to surviving spouseit passes tax free. |
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Term
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Definition
| Fiduciary responsible for administering a decedents estate. |
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Term
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Definition
| To prove a will is valid. |
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Term
| Qualified terminable interest property |
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Definition
| Property given to surviving spouse that qualifies as a marital deduction even though the spouses interest is not absolute ownership. |
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Term
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Definition
| Abbreviated administration permitted in some states for small estates. |
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Term
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Definition
| Joint ownership of property for legally married husbands and wives, with a right of survivorship. |
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Term
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Definition
| Life insurance in which premiums increase periodically, the insured has no cash surrender value, and the face amount decreases over time. |
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Term
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Definition
| Person who dies with a valid will. |
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Term
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Definition
| Physical location of the appropriate court. |
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Term
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Definition
| Life insurance in which premiums and face amount remain constant and the insured has property rights in the policy. |
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Term
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Definition
| Document used to dispose of a persons property after death. |
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Term
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Definition
| Money owed to a business from customers for property or services sold. |
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Term
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Definition
| Periodic payments of fixed sums of money. |
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Term
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Definition
| Evidence of indebtedness secured by a specific piece of property, paying interest until the loan is repaid. |
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Term
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Definition
| One form of intangible personal property. |
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Term
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Definition
| Privately owned corporation. |
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Term
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Definition
| Method of holding title to property acquired during marriage; each spouse owns one half of the property. |
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Term
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Definition
| Fee estate held by two or more persons. |
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Term
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Definition
| Type of ownership of real estate with some attributes of a tenancy in common. |
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Term
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Definition
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Term
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Definition
| Type of interest in realty evidenced by owning shares; considered personal property. |
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Term
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Definition
| Government grant of exclusive use of artistic and literary works given to the creator. |
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Term
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Definition
| Old forem of widowers right in property of deceased husband. |
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Term
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Definition
| Right of access over or use of another persons land. |
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Term
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Definition
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Term
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Definition
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Term
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Definition
| Amount appearing on a bond or debenture; amount of the loan |
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Term
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Definition
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Term
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Definition
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Term
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Definition
| Property attached to buildings considered to be real property. |
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Term
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Definition
| Right of mortgagee to seize and attach real estate for non-payment of the loan. |
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Term
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Definition
| Current right of surviving spouse to a protion of deceased spouses property. |
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Term
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Definition
| Estate in land for anindefinite period. |
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Term
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Definition
| Method of acquiring property whereby the recipient gives no consideration. |
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Term
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Definition
| Intangivle asset of a business based on the business reputation. |
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Term
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Definition
| Recipient of real estate. |
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Term
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Definition
| Transferor of real estate. |
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Term
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Definition
| Estate property not subject to creditors claims. |
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Term
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Definition
| Personal property that represents something of value but may have little intrinsic value itself. |
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Term
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Definition
| Method of multiple ownership of property with right of survivorship. |
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Term
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Definition
| Person who leases real estate. |
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Term
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Definition
| Tenancy in real estate for affixed period of time. |
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Term
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Definition
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Term
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Definition
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Term
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Definition
| Grant of use of intellectual property given by the holder of the exclusive right to the property. |
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Term
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Definition
| Tenancy for a period of a persons life |
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Term
| Life estate pur autre vie |
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Definition
| Tenancy for the life of another person. |
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Term
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Definition
| Exclusive right to use a name or symbol that designates a service or trade. |
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Term
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Definition
| Security interest on real estate. |
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Term
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Definition
| Person who gives a mortgage to purchase real estate. |
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Term
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Definition
| Person who takes a mortgage to purchase real estate. |
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Term
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Definition
| Property that is movable and or intangible, not real property. |
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Term
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Definition
| Authority to select a successor beneficiary. |
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Term
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Definition
| Right to receive goods or services previously paid for. |
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Term
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Definition
| Action to settle title to real estate. |
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Term
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Definition
| Land and anything permanently affixed to the land. |
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Term
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Definition
| Person in whom legal and equitable titles merge. |
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Term
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Definition
| Fee paid by a tenant to a landlord. |
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Term
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Definition
| Fee paid by a licensee to the holder of a copyright. |
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Term
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Definition
| Creditors right to specific property which has b een set aside to satisfy the creditor in case of default. |
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Term
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Definition
| Contractual, proprietary interests between an investor and a business, evidenced by stocks, bonds, etc. |
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Term
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Definition
| Stock; portion of a corporation owned by an investor. |
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Term
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Definition
| Business owned by one person. |
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Term
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Definition
| Forced share of the decedents estate. |
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Term
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Definition
| Evidence of ownership in a corporation. |
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Term
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Definition
| Method of changing title held by multiple owners. |
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Term
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Definition
| Personal property that is moveable or touchable. |
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Term
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Definition
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Term
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Definition
| Joint ownership of property between legally married couples. |
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Term
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Definition
| Multiple ownership of property by business partners; property passes to surviving partners, heirs of deceased partner receive the value of the deceased partners interest in the property. |
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Term
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Definition
| Multiple ownership of property in which each cotenant owns a divisible portion of the whole. |
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Term
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Definition
| Ownership in real estate by just one person. |
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Term
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Definition
| Checklist or deadline reminder system. |
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Term
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Definition
| Evidence of ownership or possession of property. |
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