Definition of Legal estate in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is Legal estate? Meaning of Legal estate as a legal term. What does Legal estate mean in law?
Prior to 1285, the provision "to grantee and the heirs of his body" was interpreted by the courts as providing the grantee with the power to convey a fee simple in the property if and when he sired a child. An estate of this nature was referred to as a fee simple conditional, since...
and is not subject to any limitations or conditions. The person who holds real property in fee simple absolute can do whatever he wants with it, such as grow crops, remove trees, build on it, sell it, or dispose of it by will. The law views this type of estate as perpetual. Upon ...
The meaning of ESTATE PLANNING is the arranging for the disposition and management of one's estate at death through the use of wills, trusts, insurance policies, and other devices.
The meaning of REMIC is an entity (as a corporation, partnership, or trust) that functions as a vehicle for investment in mortgage obligations and especially collateralized mortgage obligations and receives favorable tax treatment by restricting its own
Definition of Life-estate in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is Life-estate? Meaning of Life-estate as a legal term. What does Life-estate mean in law?
19.-2. It vests in the husband all the personal property of the wife, that which is in possession absolutely, and choses in action, upon the condition that he shall reduce them to possession; it also vests in the husband right to manage the real estate of the wife, and enjoy the prof...
The imposition ofdeath taxesis by the domicile country or state. Depending on your stated domicile and that of your beneficiaries, estate tax implications may be dramatically different. The domicile can extend its reach to all of your income from any source worldwide. However, indications of resi...
A deed of trust is a real estate transaction that involves a lender such as a bank as well as a buyer and seller. It inserts a fourth party into the transaction: a trustee that's usually a title company that receives an interest in the property. The trustee can seize the property and...