Administrator de bonis non (also referred to as administrator de bonis non cum testamento annexo) is a Latin term for an administrator appointed by a court to replace an administrator of a will that can longer execute the role. The...
trusts, inheritances & estates
administrator de bonis non cum testamento annexo
Administrator de bonis non cum testamento annexo (also referred to as administrator de bonis non) is the Latin phrase for an administrator appointed by a court to replace a prior administrator cum testamento annexo that could not complete the...
administrator pendente lite
Administrator pendente lite is Latin for “administrator pending litigation.” The litigation is usually a dispute over a decedent’s will. An administrator pendente lite is appointed (by a probate court) to manage an estate and probate a will...
administrator with will annexed
Administrator with will annexed refers to a person appointed by a court to fill the role of an executor of a will when an executor is unspecified or unavailable. The administrator takes on all the legal responsibilities and powers of an...
administratrix
Administratrix is the outdated term used to refer to women that are court appointed to oversee the administration of estates for those that pass intestate. In the modern context, administrator is used to refer to all genders and may refer to...
advancement
An advancement is a gift made during a donor’s life to a family member, usually when the donor anticipates their own death. The value of the advancement is included in the calculation of the net probate estate when the donor dies. Therefore,...
after-acquired property
Also called “future-acquired property”.
Personal or real property that a borrower acquires after having taken on a debt secured by all of their property, which becomes additional collateral for the debt. Based on UCC § 9-204, such...after-acquired title
Title held by someone who bought property from a seller before the seller received title to the property and who automatically obtained title upon the seller’s receipt of title.
An example involving acquiring after-acquired...
agency
Agency law is the common law doctrine controlling relationships between agents and principals. A principal-agent relationship is created when the agent is given authority to act for the principal. An agreement made by an agent is binding on...
agent
An agent is a person authorized to act on behalf of another person. The party an agent is authorized to act for is known as the principal. A principal-agent relationship can either be intentionally created or created by implication through...