The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

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.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

Miramiguoa Park Estate Lawyer, Missouri, page 2

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Stephen W. Daniels

Brent L. Martin

Michael C. Weeks

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Stephen A. Martin

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Louis B. Eckelkamp

Louis B. Eckelkamp

Kevin Albert Richardson

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LEGAL TERMS

BYPASS TRUST

CERTIFICATION OF TRUST

FINAL BENEFICIARY

BANKRUPTCY ESTATE

RESIDUARY BENEFICIARY

INVENTORY

PREDECEASED SPOUSE

WARRANTY DEED

MARITAL LIFE ESTATE TRUST

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