trusts, inheritances & estates

Conditional Bequest

Conditional bequest is a term added to a gift before the recipient can collect the gift. Conditional bequests usually appear in wills and trusts for people wanting to place requirements on inheritances. These conditions can be almost anything...

Conditional Ownership

Conditional ownership is an interest in property that is subject to some form of condition being fulfilled before the interested party can gain absolute ownership. These conditions can be something required of the person receiving the...

Consanguinity

Consanguinity is an old-fashioned term distinguishing relatives by blood from relatives by affinity. Consanguinity refers to the blood relationship between people from some common ancestor; thus, sharing the blood of some common ancestor....

Conservatee

A conservatee is a person who needs a court appointed conservator to handle the conservatee’s financial and/or other daily life affairs because the conservatee is incompetent to handle them. The roles of conservator and conservatee follow from the...

Conservator

A conservator is a court-appointed individual who handles financial or daily life affairs of a conservatee. The roles of conservator and conservatee follow from the legal concept of conservatorship which is similar to legal guardianship....

Conservatorship

Definition from Nolo’s Plain-English Law DictionaryA legal arrangement that gives an adult the court-ordered authority and responsibility to manage another adult's financial affairs.

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

Constructive Trust

A constructive trust is not an actual trust by the traditional definition. It is a legal fiction that is used as a remedy for unjust enrichment. Hence, there is no trustee, but the constructive trust orders the person who would otherwise be unjustly...

Contemplation of Death

Contemplation of death is a phrase used when the thought of imminent death causes a person to transfer his or her property to another. The gift or transfer in such circumstance is called a gift in contemplation of death or a gift causa mortis...

Contest

Definition from Nolo’s Plain-English Law DictionaryTo oppose, dispute, or challenge through formal or legal procedures. For example, the defendant in a lawsuit almost always contests the case made by the plaintiff. Or, a disgruntled relative may formally...

Contingent

Dependent on the occurrence or non-occurrence of some other event. Thus, a contingent right or title is uncertain; it may or may not vest, often depending on sheer chance.

See Vested (contrast).

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