Trusts, Wills, Estates and Probate Law Dictionary (Duhaime. org)

 0    163 flashcards    JolaW
download mp3 print play test yourself
 
Question English Answer English
Accounting
start learning
A detailed statement of the debits and credits between parties arising out of a contract or a fiduciary relation.
Accounts
start learning
The written, detailed or summary, record of a person's management or administration of an estate or of a particular matter.
Actio Personalis Moritur Cum Persona
start learning
Latin: any right of action dies with the person.
Ad Colligendum Bona
start learning
Latin: for the collection of the goods of the deceased.
Ademption
start learning
When property identified in a will cannot be given to the beneficiary because it no longer belonged to the deceased at the time of death.
Ad Litem
start learning
Latin: for the suit.
Administrator
start learning
A person who manages (administers) the assets of another, such as an estate administrator or the administrator of an insurance plan.
Adult Guardianship
start learning
The body of law as related to the investigation into the ability of an adult to manage his or her person or affairs, and the resultant guardianship.
Agnatio
start learning
Latin: members of a group having a common male ancestor.
Ambulatory
start learning
Something which is mobile or not cast in stone; which can be changed.
Armchair Rule
start learning
A rule of interpretation that a judge, called upon to interpret an otherwise unclear legal document, shall take into account the circumstances in which the document was created.
Arm's Length
start learning
A transaction or relationship where there is an absence of control the one over the other.
Authentic Act
start learning
Civil law: a contract or other legal document which has been properly prepared or authenticated by a court officer, such as a notary, and thereafter given enhanced evidentiary status of its authenticity.
Avunculus
start learning
Latin: a mother's brother.
Bastard
start learning
An illegitimate child, born in a relationship between two persons that are not married (ie. not in wedlock) or who are not married at the time of the child’s birth.
Beneficiary
start learning
The person for whom a trust has been created.
Benefit of Inventory
start learning
A right of legal or testamentary beneficiaries to an estate to demand of the administrator an inventory of the estate.
Blind Trust
start learning
A trust in which a settlor reserves the right to terminate the trust but to assert no other power over the trust, which is administered without any other measure of control over the trust's administration.
Bond
start learning
A written guarantee in regards to the fulfillment of a legal obligation.
Breach Of Trust
start learning
Any act or omission on the part of the trustee which is inconsistent with the terms of the trust agreement or the law of trusts.
Caveat
start learning
Latin: let him beware. A formal warning.
Cessate Grant
start learning
A grant of probate that is made after a limited grant has served its purpose.
Cestui Que Trust or Cestui Que Use
start learning
Latin: the beneficiary of a trust.
Chaste
start learning
A person who has never voluntarily had sexual intercourse outside of marriage such as unmarried virgins.
Citation
start learning
An order of a court to either do a certain thing or to appear before it to answer charges.
Civil Law
start learning
A body of law derived and evolved directly from Roman Law, the primary feature of which is that laws are struck in writing; codified, and not determined, as in the common law, by the opinions of judges based on historic customs.
Clean Hands
start learning
A maxim of the law to the effect that any person, individual or corporate, that wishes to ask or petition a court for judicial action, must be in a position free of fraud or other unfair conduct.
Codicil
start learning
An amendment to an existing will.
Cognates
start learning
Relations through the mother.
Collateral Descendant
start learning
A descendant that is not direct, such as a niece or a cousin.
Committee
start learning
A term of parliamentary law which refers to a body of one or more persons appointed by a larger assembly or society, to consider, investigate and/or take action on certain specific matters.
Commorientes
start learning
Two or more persons dying at about the same time, usually in the same event, but in circumstances in which it is impossible to determine the order of death.
Competency
start learning
An individual's ability to understand the nature and object of legal proceedings being presented, and to consult with counsel.
Conflict of Interest
start learning
A personal interest that conflicts with a public or fidiciary interest.
Consanguinity
start learning
Common blood, descendants of a same common ancestor.
Constructive Trust
start learning
A trust which a court declares or imposes onto participants in very specific circumstances such as those giving rise to an action for unjust enrichment, and notwithstanding the lack of any willing settlor to declare the trust.
Cremation
start learning
The reduction of the body of a deceased human to its essential elements by incineration.
Curtesy
start learning
Widower's right to an interest in his deceased wife's real property.
Cy-pres
start learning
As near as may be.
Death Duties
start learning
Tax payments due to the state, incurred and payable as a result of the death of the tax-payer.
De Bonis Non
start learning
Latin: assets not yet administered.
Decedent
start learning
An individual who has died.
Delusion
start learning
A firm yet irrational belief and which may affect an individual's capacity to contract.
Devise
start learning
The transfer or conveyance of property by will, usually in reference to real property.
Discretionary Trust
start learning
A trust in which the settlor has given the trustee full discretion to decide which (and when) members of a defined group of beneficiaries is to receive either the income or the capital of the trust.
Donatio Mortis Causa
start learning
A death-bed gift, made by a dying person, with the intent that the person receiving the gift shall keep the thing if death ensues.
Donee
start learning
The recipient of a trust; either the trustee or the beneficiary.
Donor
start learning
The person who donates property to the benefit of another, usually through the legal mechanism of a trust.
Droit d'aubaine
start learning
French: an ancient right to keep the property of any deceased foreign subject.
Dum Casta
start learning
Latin: for so long as she remains chaste.
Dum Sola
start learning
Latin: for so long as she remains unmarried.
Dum Sola et Casta Vixerit
start learning
Latin: for so long as she remains single (unmarried) and chaste.
Dum Vidua
start learning
Latin: for so long as she remains a widow.
Duress
start learning
Where a person is prevented from acting (or not acting) according to their free will, by threats or force of another, it is said to be 'under duress'.
Ejusdem or Eiusdem Generis
start learning
Of the same kind or nature.
Endowment
start learning
The devotion of property to a specific and particular trust.
Enduring or Continuing Power of Attorney
start learning
A power of attorney that continues even if and after a donor becomes incapacitated.
En Ventre Sa Mere
start learning
French: A fetus recognized as a child then alive for the purposes of wills and estates.
Equitable Fraud
start learning
Conduct which, having regard to some special relationship between the two parties concerned, is an unconscionable thing for the one to do towards the other.
Equity
start learning
A branch of English law which developed hundreds of years ago when litigants would go to the King and complain of harsh or inflexible rules of common law which prevented "justice" from prevailing.
Estate
start learning
A person's property; often used to refer to the net worth of a deceased individual.
Estate Law
start learning
That part of the law which regulates wills, trusts, probate and other subjects related to the management of another's property.
Executor
start learning
A person specifically appointed by a testator to administer the will ensuring that final wishes are respected (i.e. that the will is properly "executed").
Executor De Son Tort
start learning
A person who meddles with the estate of a deceased person.
Executor's Year
start learning
The year from date of death generally granted to the executor to collect and disburse the testator's assets.
Express Trust
start learning
A trust which is clearly created by the settlor, usually in the form of a document (eg. a will), although they can be oral.
Falsa Demonstratio Non Nacet
start learning
A wrong description of an item in a legal document (such as a will) will not necessarily void the gift if it can be determined from other facts.
Fiduciary
start learning
A legal duty of loyalty and faithfulness towards another.
Fixed Trust
start learning
A trust in which a beneficiary has an entitlement to a fixed income.
Fraud
start learning
Deceitful or deceptive conduct designed to manipulate another person to give something of value.
Funeral
start learning
Formal observances held for a deceased person, usually before burial or cremation.
Gift
start learning
A transfer of property with nothing given in return.
Global Deterioration Scale
start learning
A psychiatric tool charting stages of dementia.
Guardian Ad Litem
start learning
A guardian appointed to direct litigation on behalf and in the interests of a person otherwise incapable of managing their affairs.
Guardian of the Estate
start learning
A person who is appointed to manage the property and financial affairs of an incapable individual.
Guardian of the Person
start learning
A person appointed to manage the health and well-being of another.
Half-Secret Trust
start learning
A secret trust in which the donor announces the trust but not the objects or the beneficiaries.
Heir
start learning
A beneficiary of a will or an intestacy.
Hereditas
start learning
Latin: the estate of a deceased person.
Hereditas Damnosa
start learning
Latin: an inheritance that is more of a burden than a benefit.
Hereditas Jacens
start learning
Latin: an unclaimed estate.
Heritable Obligation
start learning
A legal obligation or right which is not extinguished by the death of the person who held those rights, or was liable for the obligation, but are transferred to the estate.
Holograph Will
start learning
A will written entirely in the testator’s handwriting and not witnessed.
Hotchpot
start learning
The mixing of property for the purposing of effecting a proportionate division.
Human Remains
start learning
The body of a deceased person, in whole or in parts, regardless of its stage of decomposition.
Incapacitated
start learning
An individual who lacks the ability to meet essential requirements for physical health, safety, or self-care.
Incompetency
start learning
An individual who has a significant risk of personal harm based upon an inability to adequately provide for nutrition, health, housing, or physical safety.
Interlineation
start learning
An addition of something to a document after it has been signed.
International Will
start learning
A will which which is valid if meeting the requirements of an international wills statute and notwithstanding deficiencies in form as regards to domestic wills.
Inter Vivos
start learning
Latin: from one living person to another living person.
Inure
start learning
To take effect, to result; to come into operation.
Inurement Clause
start learning
A clause in a clegal document, such as a contract or will, that purports to extend the benefits of the document beyond the signatories.
Juristic Reason
start learning
An explanation based upon law for the enrichment of one at the detriment of another.
Jus detractus
start learning
Latin: the right to deduct; an ancient right to a king upon the property of a foreigner who died within the king's territory, to a portion of the decedent's estate.
Kin
start learning
A blood relative.
Legatee
start learning
The person to whom personal property is gifted pursuant to a will.
Life Estate
start learning
A right to use and to enjoy land and/or structures on land only for the life of the life tenant.
Life Tenant
start learning
The beneficiary of a life estate.
Lineal Descendant
start learning
A person who is a direct descendant such as a child to his or her natural parent.
Liquidation
start learning
The converting of the the assets of a person into cash.
Living Trust
start learning
A trust from persons to take effect during their living years, to benefit others.
Lost Will
start learning
A will that has been lost and which may, under certain circumstances, be reconstructed for probate.
Lunacy law
start learning
The law as it relates to the assessment and committal of persons incapable of managing themselves or their affairs.
Lunatic
start learning
An individual who, though once of sound mind, can no longer manage his person or his affairs.
Mobilia Sequuntur Personam, Immobilia Situa
start learning
Latin: movables follow the person, immovables their locality.
Mortis Omnia Solvit
start learning
Latin: Death puts an end to everything.
Mystic Will
start learning
A sealed and secret will requiring strict formalities and available only in limited civil law jurisdictions.
Notary
start learning
A legal officer with specific judicial authority to attest to legal documents usually with an official seal.
Occupational Therapy
start learning
The employment and function assessment and treatment of post-injury, illness or disability.
Orphan
start learning
A person who has lost one or both of his or her natural parents.
Pendente Lite
start learning
Latin: during litigation.
Per Capita
start learning
Latin: by the head. The proposed distribution of an estate of property to surviving specified beneficiaries only and not, in the event of pre-death of the beneficiary, to the heirs of the pre-deceased beneficiary.
Permissive Waste
start learning
The failure of a possessor of a thing to exercise the care of a reasonable person to preserve and protect the estate for future interests.
Personal Representative
start learning
The person who administers the estate of a deceased person as executor or Court-appointed administrator.
Per Stirpes
start learning
Latin: an entitlement to participate in the distribution of property, such as an estate, that flows down to the named beneficiary's next heir if he or she is otherwise unable to take his or her share.
Pia Causa
start learning
Latin: charitable purposes.
Plene Administravit
start learning
Latin for administration (is) complete.
Power of Attorney
start learning
A document which gives a person the right to make binding decisions for another, as an agent.
Precatory Words
start learning
Words that express a wish or a desire rather than a clear command.
Probate
start learning
The formal certificate given by a court that certifies that a will has been proven, validated and registered and which, from that point on, gives the executor the legal authority to execute the will.
Proof in Common Form
start learning
A summary approval of an uncontested will by the court, subject to subsequent contest.
Proof in Solemn Form
start learning
The pronouncement by a court that a will is formally approved and not subject to later contest barring fraud or the discovery of a later will.
Propinquity
start learning
Nearness in place; close-by.
Public Policy
start learning
Certain acts or contracts are said to be against public policy if they tend to promote breach of the law, of the policy behind a law or tend to harm the state or its citizens.
Putative Father
start learning
A presumed but not DNA-confirmed father of a child.
Quistclose Trust
start learning
A trust which arises to the benefit of the donor when property is advanced for a specific purpose and that purpose fails.
Resulting Trust
start learning
A trust that is presumed by the court from certain situations.
Reversion
start learning
A future interest left in a transferor or his (or her) heirs. A reservation in a real property conveyance that the property reverts back to the original owner upon the occurrence of a certain event.
Revocable Trust
start learning
A trust which can be revoked at the discretion of the settlor.
Rule Against Perpetuities
start learning
A common law rule that prevents suspending the transfer of property for more than 21 years or a lifetime plus 21 years.
Rule in Shelley's Case
start learning
A mostly abolished rule in estate law to the effect that if a life estate was created but the remainderman was the heir of that person, the life estate collapsed and the entire estate vested in that person.
Scintilla Juris
start learning
Latin: a spark of legal right.
Secret Trust
start learning
A trust where, to a stated beneficiary, the donor secretly communicates that he/she holds title in trust for another.
Settlement
start learning
An agreement, or the document which articulates the agreement, which sets or resolves rights.
Settlor
start learning
The person who actually creates a trust by donating property to be managed and administered by a trustee but from which all profits would go to a beneficiary.
Spendthrift Trust
start learning
US law: a trust which in design prevents a beneficiary from depleting the trust funds, or from his creditors demanding payment therefrom.
Springing Power of Attorney
start learning
A power of attorney which becomes legally effective on the occurrence of an event (such as incapacity).
Sprinkling Trust
start learning
Discretion given to a trustee to distribute income from a trust fund disproportionately between beneficiaries.
Statutory Trust
start learning
A trust created by the effect of a statute.
Successor
start learning
A person who takes over the rights of another.
Suspicious Circumstances
start learning
Circumstances in the preparation or signing of a document that give rise to suspicion as to mental capacity of, or fraud or duress upon the signatory.
Testament
start learning
A document to take effect upon the death of the author and in which his or her chattels are transferred to a new owner.
Testamentary Capacity
start learning
The legal ability to sign a will.
Testamentary Trust
start learning
A trust created by a will and which takes effect upon the death of the testator.
Testator
start learning
The signatory of a valid will.
Totten Trust
start learning
Money placed in a bank account with the instruction that upon the settler's death, whatever is in that bank account will pass to a named beneficiary.
Traverse
start learning
To deny an allegation or the validity of an office or of some other official act.
Trust
start learning
A legal obligation with respect to property given by a person (donor) to another (trustee) to the advantage of a beneficiary
Trustee
start learning
A person who holds property rights for the benefit of another.
Unitrust
start learning
A trust which in the distribution of benefits from time to time to the beneficiary, pools capital and income, and does not otherwise distinguish between the capital of the trust and the income of the trust for the purposes of establishing interim payments to a beneficiary.
Unjust Enrichment
start learning
Benefiting from the action or property of another without legal justification.
Unnatural Will
start learning
A will which differs from what might of been otherwise expected of a testator such as a large gift to a stranger, or the exclusion of his children from his estate.
Use
start learning
Latin: trust.
Uterine
start learning
Related to the uterus or, in estate law, siblings issue of a common mother.
Videlicet
start learning
Latin: to wit or that is to say.
Viz
start learning
Latin: to wit, that is to say.
Voluntary Waste
start learning
The possessor's direct acts or activity of harming property which he or she holds for another, as in a trustee for a trust beneficiary.
Waqf
start learning
Muslim law: property dedicated to charitable purposes.
Waste
start learning
The abuse, destruction or permanent change to property by one who is merely in possession of it as in the case of a tenant or a life tenant.
Weapon of Mass Destruction
start learning
Device designed to kill humans through the use of atomic or nuclear energy or the release of chemicals, poisons, biological agents or radioactivity.
Will
start learning
A written statement, usually signed, made by an individual, which directs the distribution of their property when they die.
Words of Limitation
start learning
Words in a conveyance or in a will which set the duration of an estate.
Words of Purchase
start learning
Also known as words of substitution; words which describe what should happen to a gift if the person first named is no longer alive when it takes effect.

You must sign in to write a comment