Elder Law and Estate Planning - A/B Trust - fiduciary - Financial institution - grantor - last will and testament - Revocation of Will
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It's a free online legal dictionary search engine for definitions of legal terminology and legal words, legal abbreviations, and legal jargon you may meet when reading legal acts, law books, documents, legal forms and other legal content.
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Legal Dictionary
Elder Law and Estate Planning
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TERM
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CATEGORY
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| | A/B Trust
An "A-B trust" is a type of trust established by a married couple that includes provisions requiring the allocation of assets on the death of one spouse to two separate trusts to be established only at that time. This family trust might help spouses ... |
| Elder Law and Estate Planning | details | | | fiduciary
for the purposes of estate administration: Fiduciary means a personal representative or trustee. The term includes an executor, administrator, successor personal representative, and a person performing substantially the same function. |
| Elder Law and Estate Planning | details | | | Financial institution
means a financial entity, including, but not limited to: a bank, trust company, national bank, savings bank,
federal mutual savings bank, savings and loan association, federal savings and loan association, federal mutual savings and l ... |
| Elder Law and Estate Planning | details | | | grantor
A person who grants another person or entity (an agent) the authority and power to act on behalf of the grantor in accordance with the powers set forth in a power of attorney document.
(2) The person who sets up a trust or makes a disposition of pr ... |
| Elder Law and Estate Planning | details | | | last will and testament
Also known as a will.
A legally enforceable declaration directing the disposal of a decedent's property. See also: will. |
| Elder Law and Estate Planning | details | | | Revocation of Will
A will or any part of it may be revoked or altered by:
a new will; an act of burning, tearing, cutting, cancellation, obliteration, or other mutilation or destruction performed by the testator (the person signing a will), or another person at testa ... |
| Elder Law and Estate Planning | details |
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