A pooled trust can refer to any type of trust that is combined with other assets and managed by the same entity. While potentially referring to investment strategies, pooled trust typically refers to trusts used to benefit those with low...
family & personal matters
posthumous child
A posthumous child is a child born after the death of one of their biological parents. This becomes important in the context of intestate succession or survivor benefits. Generally, children conceived before the death one parent are treated...
pre-dup
“Pre-dup” is an informal term for a kind of prenuptial agreement for couples registering as domestic partners.
[Last updated in December of 2020 by the Wex Definitions Team]
Premarital agreement
Also known as prenuptial agreements or antenuptial agreements.
Contracts made by parties to a marriage prior to the marriage that may determine matters such as one party's rights in the estate of the other in the event of the death of one of...
Prenuptial agreement
A prenuptial agreement, also known as antenuptial agreement, premarital agreement, or prenup, is a contract entered into prior to marriage setting the terms for separation. In general, provisions that tend to unreasonably encourage divorce or...
preregistration agreement
The equivalent of a prenuptial agreement for couples in some states and in the U.K. that allow registration as domestic partners or civil union partners. That is, it is a substitute for a prenuptial agreement when parties only seek a civil union. See...
privacy
Overview:
There is a long and evolving history regarding the right to privacy in the United States. In the context of American jurisprudence, the Supreme Court first recognized the “right to privacy” in Griswold v. Connecticut (1965). Before...
Professional Guardian
Professional guardians take care of their wards, not because they are their friends or family members, but because they are paid to do so. Many professional guardians are lawyers, doctors, social workers, or other trained professionals. Others are...
Putative Spouse Doctrine
The putative spouse doctrine’s purpose is to protect the financial and property interests of a person who enters into a bigamous marriage believing in good faith that it is a valid marriage. The person who is unaware his spouse is already married is...
QDOT
QDOT is an abbreviation for qualified domestic trust, which is a trust created for a surviving spouse who is a non-U.S. citizen to qualify for the marital deduction. It allows a non-U.S. citizen married to a U.S. citizen to be eligible for an...