Disposition, in trusts and estates law, is the transfer, gift or sale of property from one individual to another. Disposition is generally done through a deed or will and involves transfer of possession.
In criminal...
wills
distribute
To distribute means to divide, apportion, or allocate; to make a distribution of the assets in a decedent’s estate.
[Last updated in June of 2021 by the Wex Definitions Team]
distributee
A distributee is a person or party who receives a share of assets from a total of assets of a decedent. In simpler terms, a distributee could be defined as an heir; a person entitled to an interest or share in the estate distribution process...
distribution
Distribution is the act of dividing assets to one of several beneficiaries, as named in a trust or a will by a court. Also refers to (i) the payment of capital gains from an investment company to shareholders upon the sale of securities or...
doctrine of incorporation by reference
The doctrine of incorporation by reference, under the law of wills, means that unattested papers (papers not present when the will was executed) can still be regarded as part of the will by incorporation. A writing that is not valid as a will...
doctrine of integration of wills
The doctrine of integration of wills is a legal theory that says that since wills are multi-page documents, they do not have to be signed or initialed on every page. Each page is regarded as part of single integrated document, so long as all...
document
Document is both a noun and a verb. A document is a written instrument. Historically, a document was a piece of paper with information on it, but the term’s definition has since expanded to cover information stored in any medium, tangible as...
double wills
Double wills refer to mutual or reciprocal wills where two individuals create very similar wills with the intention of each individual receiving the assets of the other should they die first. The nature of double wills depends on what type of...
draw
To draw is to produce, create, or make any picture or line. Some common usage of the term “draw” in a legal sense include:
The withdrawal of money from a bank account, such as through presenting a check. To receive money in advance,...dynasty trust
Dynasty trusts refer to trusts created to last over many years and multiple generations. The goal of the trusts is to avoid taxes to the extent possible and create a source of income that will last beyond just one generation. The grantor of...