Charitable Remainder Trust

A Charitable Remainder Trust is often used to make large donations (of either property or money) to a charity so that the donor can obtain a tax advantage.

By Representation, Per Capita at Each Generation, Per Stirpes

The following are general definitions. Any particular term may be defined differently by a particular statute, case law, or the definitions section of the document in question. Consult legal counsel before acting on any information contained in this website.

Bond

A bond is a type of insurance policy that guarantees that a legal representative will carry out his duties. Should the legal representative fail to perform as specified in the contract, the bond guarantees that a certain amount of money be paid to the injured party.

Bequest

Bequest is an old legal term that basically means to give a gift, or to bestow property, as designated in the terms of a will.