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
Canadian Music Hall of Fame

... Lightfoot 1987 The Guess Who[?] 1989 The Band 1990 Maureen Forrester[?] 1991 Leonard Cohen 1992 Ian and Sylvia[?] 1993 Anne Murray 1994 Rush 1995 Buffy ...

 
 
 
This page was created in 43.1 ms