An administrative branch of the U.S. Department of Commerce charged with overseeing and implementing the federal laws on patents and trademarks. This includes examining, issuing, classifying, and maintaining records of all patents and trademarks issued by the United States.
A statute, adopted by almost all states, that provides a method for transferring property to minors and arranging for an adult to manage it until the child is old enough to receive it. Often called by its acronym, UTMA.
A standard set of laws, enacted by some U.S. states, to deal with inheritance in the case that two people die simultaneously. The Act says that if two (or more) people die within 120 hours of each other, each is considered to have predeceased the other unless a will or other document specifies otherwise.
A uniform statute that sets out guidelines for trustees to follow when investing trust assets.
A standard comprehensive set of laws, adopted in whole or in part by various states, that regulate the administration of estates, including wills and trusts.
A uniform statute, adopted by most states, that in its most recent version allows some trustees to make adjustments that were not formerly allowed. For example, a trustee could distribute principal to income beneficiaries if it were necessary to carry out the purpose of the trust.
A uniform law, adopted by many states, that allows an adult to give money or securities to a child but have the assets managed by someone of the donor's choosing, called a custodian. The gift is made during the donor's lifetime, not at death. The custodianship ends, and the property goes to the beneficiary outright, at an age set by state law, usually 18 or 21. Compare: Uniform Transfers to Minors Act
The process of acquiring misspellings of a domain name in the hopes of catching and exploiting traffic intended for another website. For example, a typosquatter might purchase domain names such as www.lnadsend.com and www.landswnd.com and then demand money for referring customers under the Land's End affiliate program. Typosquatting is a variation of cybersquatting, an illegal practice in which a domain name is acquired in bad faith.