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A trust generally involves three "persons" in its creation and administration: (A) a settlor or grantor who creates the trust; [11] (B) a trustee who administers and manages the trust and its assets; and (C) a beneficiary who receives the benefit of the administered property in the trust.
Community property (United States) also called community of property (South Africa) is a marital property regime whereby property acquired during a marriage is considered to be owned by both spouses and subject to division between them in the event of divorce. Conversely, property owned by one spouse before the marriage, along with gifts and ...
The community property concept originated in civil law jurisdictions but is now also found in some common law jurisdictions. U.S. states with community property laws draw primarily from the marital property laws under the civil law of France and Spain. [10] Division of community property may take place by item by splitting all items or by values.
A living trust is a legal arrangement that allows you to retain control of your assets while you're alive and pass them on to your heirs. Perhaps the biggest benefit of having a living trust is ...
A southwest Missouri city improperly spent $120,000 from a restricted trust fund and paid $17,000 to a business owned by a former mayor. A former local prosecutor in Kansas stole electronics and ...
Marvin Brandt (Melvin Brandt's son), represented by the Mountain States Legal Foundation, disputed the government's claim and filed a counterclaim on behalf of the family trust that owned the land. Brandt asserted that the railroad's right-of-way was an easement that had disappeared when the railroad abandoned it, leaving his land no longer ...
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