The degree, quantity, nature, and extent of interest that a person has in real andPersonal Property. Such terms as estate in land, tenement, and hereditaments may also be used to describe an individual's interest in property. When used in connection with probate proceedings, the term encompa...
Estate definition: a piece of landed property, especially one of large extent with an elaborate house on it. See examples of ESTATE used in a sentence.
Decedent is a legal term used in tax andestate planningto refer to a deceased person. Their possessions become part of their estate when an individual dies and becomes denoted as a decedent or the deceased. The decedent's last will and testament, living trust, or the laws for intestate succ...
PROBLEMS OF TRANSLATING LEGAL TERMS RELATED TO REAL ESTATE / REALTYdoi:10.18454/RULB.2020.21.1.15Y S KravchukИндивидуальныйпредпринимательСоколоваМаринаВладимировна
In legal terms, there are three different kinds of waste. The first is referred to as voluntary or affirmative waste, as previously mentioned. This type of waste is any act that causes the property to lose value. Generally speaking, a life tenant may not commit “permissive waste”. What ...
The wordestateis colloquially used to refer to all of theland and improvementson a vast property, often some farm or homestead or the historic home of a prominent family. However, in the financial and legal sense of the term, an estate refers to everything of value that an individual owns...
“Let buyer beware” in legal terms. The buyer should examine the property for flaws, and make the purchase at their own risk. Example: A property may be offered in a condition without any expressed or implied guarantee of quality or condition and to be accepted in an “as is” condition...
Property to be Sold:Estate’s interest in the following real property, free and clear of liens or encumbrances (“Property”) (Full legal description is attached to the Trustee’s Motion to Sell Real Property of the Estate on an As-Is, Where-Is Basis [“Motion”] as Exhibit “A”): ...
A Dictionary, Encyclopedia and Reference work — ALL IN ONE An INTERNATIONAL Reference Work (business, legal, economics & finance) that does more than define a word or phrase. The explanations are supported bylegal citationsandbibliographical references. There are over 5,700property law cases, 1...
Depending on how it is worded, a POA can either become effective immediately or in the future. There are three types of POAs: Non-durable POA:Effective immediately, lasting until you become incapacitated Immediate and durable POA:Effective immediately and remains effective after you become incapacita...