Archive for the ‘Legal Word of the Day’ Category

Legal Word of the Day: Warranty Deed

Warranty Deed. (noun)

Legal Word of the Day: Vested gift

Vested gift. A gift that is absolute and not contingent or conditional.

Legal Word of the Day: Undivided right

Undivided right. An undivided right or title, or a title to an undivided portion of an estate, is that owned by one of two or more tenants in common or joint tenants before partition.

Legal Word of the Day: Terminable interest

Terminable interest. An interest in property which terminates upon the death of the holder or upon the occurrence of some other specified event.

Legal Word of the Day: Safe Harbor rule

Safe Harbor rule. (noun)

Legal Word of the Day: Reciprocal Wills

Reciprocal Wills. (noun)

Legal Word of the Day: Reciprocal Trust

Reciprocal Trust. (noun)

Legal Word of the Day: Q-TIP trust

Q-TIP trust. (noun)

Legal Word of the Day

Greetings!

Legal Word of the Day: Probate

Probate.

(noun)

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