estate planning

Ademption

The term "ademption" refers to the extinction or withdrawal of a legacy because, by the time of the testator's death,…

2 weeks ago

Actual Seisin

"Actual seisin means possession of the freehold by the pedis positio of one's self or one's tenant or agent, or…

2 weeks ago

Absolute Legal

A legacy that is given without any condition and is intended to vest immediately.

2 weeks ago

Abatement

The term "abatement" refers to the reduction in some amount that is owed, generally granted by the individual or entity…

3 weeks ago

Beneficiary Defective Inheritor’s Trust (BDIT)

"A Beneficiary Defective Inheritor's Trust (BDIT) is a third-party trust designed to provide a client with control and beneficial enjoyment of trust assets…

2 months ago