Wills, Trusts, and Estates, Volume 1 |
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Page 305
... tenant or tenant by the entirety , the survivor owns the property absolutely , freed of any participation by the decedent . The common law theory is that the decedent's interest vanishes at death , and therefore no probate is necessary ...
... tenant or tenant by the entirety , the survivor owns the property absolutely , freed of any participation by the decedent . The common law theory is that the decedent's interest vanishes at death , and therefore no probate is necessary ...
Page 445
... tenant is given a power of sale under which the proceeds go to the life tenant , the power of sale is in effect a general power of appointment which means the property must be included in the life tenant's gross estate under the federal ...
... tenant is given a power of sale under which the proceeds go to the life tenant , the power of sale is in effect a general power of appointment which means the property must be included in the life tenant's gross estate under the federal ...
Page 446
... tenant is given the power to drill for oil , open mines , or commit waste with impunity , the life tenant may be held to have a general power of appointment for tax purposes . ( 6 ) Expenses . If land is involved , someone must pay ...
... tenant is given the power to drill for oil , open mines , or commit waste with impunity , the life tenant may be held to have a general power of appointment for tax purposes . ( 6 ) Expenses . If land is involved , someone must pay ...
Contents
Societys Control | 1 |
Union National Bank | 20 |
Notes and Questions | 27 |
Copyright | |
47 other sections not shown
Common terms and phrases
A's children A's death adopted appeal apply attorney Bank beneficiary benefit bequeathed bequest Blackacre charitable child claim clause codicil common law community property constructive trust corpus court held created creditors cy pres daughter deceased decedent decedent's defendant determine devise disposition distribution doctrine donor elective share entitled estate tax evidence executed executor exercise fee simple fiduciary funds future interest gift tax grandchildren gross estate heirs husband income infra inheritance inter vivos trust intestacy investment issue joint tenancy lawyer living marriage Note plaintiff power of appointment predeceased principal problem purpose question reason residuary Restatement Second revocable trust revoke Rule against Perpetuities settlor special power spendthrift trust statute supra surviving spouse tenant termination testamentary testator's death testatrix transfer trial court trust assets trust instrument trust property Trusts Law Uniform Probate Code valid vested wife witnesses