A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

CERTIFICATION OF TRUST

See abstract of trust.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

CREDIT SHELTER TRUST

See AB trust.

NET ESTATE

The value of all property owned at death less liabilities or debts.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

DEED OF TRUST

See trust deed.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

SAMPLE LEGAL CASES

In re Estate of Marchwick

... 5 Marchwick filed an application of informal probate of will and appointment of personal representative on April 27, 2007. ... Marchwick filed a petition for a formal order acknowledging revocation of probate and non-probate transfers by divorce on June 13, 2008. ...

In re Estate of Lightfield

... She was survived by her two children, Lee Lightfield and Linda Carlsen. Each child desired probate of a different will signed by Aileen. ... Linda does not appeal. Â¶ 2 We restate the issues as follows: Â¶ 3 1. Did the District Court err in denying probate of a holographic will? ...

IN THE MATTER OF ESTATE OF GLENNIE

... The order dismissed Bruce's objection to admit Thomas Glennie's (Thomas) September 2009 will to probate, and to set aside the Cattle Sale and Options Agreement and Lease-Cattle Agreement (collectively "Agreements"). ... Bruce filed an objection to probate Thomas's will. ...

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LEGAL TERMS

HOLOGRAPHIC WILL

CERTIFICATION OF TRUST

IRREVOCABLE TRUST

CREDIT SHELTER TRUST

NET ESTATE

WILL

TRUST CORPUS

DEED OF TRUST

BANKRUPTCY ESTATE

SAMPLE LEGAL CASES

In re Estate of Marchwick

In re Estate of Lightfield

IN THE MATTER OF ESTATE OF GLENNIE

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