Archives: Glossary Terms
Remainder Trust
A lingering interest in an estate or trust even though...
Residue
The property remaining in a decedent’s estate after payment of the estate’s debts...
Revocable Trust
A type of trust where the individual establishing the trust...
Self-Dealing
The conduct of a fiduciary that consists of personally benefiting...
Settlor
See Grantor.
Spendthrift Provision
A provision in a trust or last will and testament that restricts...
Tangible Personal Property
All property that can be touched and moved...
Tenancy by the Entirety
A joint tenancy arrangement between a husband and wife...
Tenancy in Common
A property ownership arrangement in which each owner is regarded...
Terms of a Trust
The terms of a trust are the manifestation of the grantor’s intent...