Encyclopedia > Trusts and Estates

  Article Content

Trusts and Estates

The law of trusts and estates is the body of law which governs the disposition of property in the event of a person's death and in anticipation of the event of a person's death. An estate is comprised of the tangible assets of real and personal property which belong to a person, whereas trusts and wills are the most commonly used legal instruments for the distribution of the tangible assets of a deceased person. Before property can be disposed of pursuant to the terms of a will, the will must be submitted to a probate[?] court which takes jurisdiction of the estate of the deceased. In striking contrast, trusts can and usually do accomplish their objectives of property distribution without coming under the jurisdiction of a court.

This article is a stub. You can help Wikipedia by fixing it.

All Wikipedia text is available under the terms of the GNU Free Documentation License

  Search Encyclopedia

Search over one million articles, find something about almost anything!
  Featured Article
BBC News 24

... 1999, with the advent of digital television in the UK, satellite viewers were able to view the service. The BBC were initially criticized for the cost of running BBC News ...

This page was created in 32.1 ms