trusts, inheritances & estates

Attest

Definition

To testify or confirm that something is true, genuine, or authentic. See attestation.

Illustrative case law

See, e.g. Keely v. Moore, 196 U.S. 38 (1904).

See alsoAttestation clauseEstates and trusts

Attestation

Definition

Testimony or confirmation that something is true, genuine, or authentic. An attestation is frequently in writing. For example, a witness attests a will by signing it; his or her signature may confirm, inter alia, that he or she witnessed the...

Attestation Clause

Definition

A clause at the end of a document, in particular a will, which sets forth the legal requirements the document must satisfy, states that those requirements have been met, and is signed by one or more witnesses. An attestation clause...

Augmented Estate

The augmented estate is the value of a decedent’s estate used when the surviving spouse chooses to take an elective share, rather than what was left by will. The Uniform Probate Code calculates the augmented estate as all real and personal...

Bankruptcy

Overview

Bankruptcy law provides for the reduction or elimination of certain debts, and can provide a timeline for the repayment of nondischargeable debts over time. It also permits individuals and organizations to repay secured debt--typically debt...

bankruptcy estate

Definition from Nolo’s Plain-English Law DictionaryEverything a debtor owns when filing for bankruptcy, except certain pensions and educational trusts.

Definition provided by Nolo’s Plain-English Law Dictionary.

blind trust

A trust in which the beneficiaries have no knowledge of the holdings or management of the trust by the trustees. Blind trusts are used in situations where the beneficiary is to be kept unaware of the trust assets specifics, usually for reasons of...

bypass trust


A bypass trust is a tax--minimizing estate planning arrangement for spouses. During life, the couple transfers ownership of property into two trusts. At the death of the first spouse, some of the property goes to one trust (Trust A) for the...

Cancel

Definition from Nolo’s Plain-English Law DictionaryTo cross out or destroy a document by tearing it up, writing on its face that it is cancelled or void, or otherwise defacing it.

Definition provided by Nolo’s Plain-English Law Dictionary.

Cancellation

Definition from Nolo’s Plain-English Law DictionarySee: cancel

Definition provided by Nolo’s Plain-English Law Dictionary.

Pages