Ab intestato is a Latin term meaning "by intestacy." The term refers to laws governing the succession of property after the previous owner of the property dies without a valid will.
[Last updated in June of 2022 by the Wex...
wills
AB Trust
AB trust (also called a bypass trust or a credit shelter trust) is a tool used by well-off married individuals to legally maximize their estate tax exemptions.
The strategy involves creating two separate trusts after one...
accretion
Accretion, in law, usually refers to the slow addition of land next to water due to the water’s movement or the increase of beneficiary’s share of a trust due to the actions of another beneficiary.
Accretion from natural...
adeem
Adeem means to revoke or withdraw a bequest because the bequeathed assets no longer belong to the testator at the time of their death. This occurs when the property that was the subject of a specific bequest is sold, destroyed, given away, or...
ademption
Ademption refers to the destruction or extinction of a testamentary gift because the bequeathed assets no longer belong to the testator at the time of their death. This occurs when the property that was the subject of a specific bequest is...
ademption by extinction
Ademption by extinction refers to when an intended gift of property through a will fails to transfer those property rights because the property as described in the will no longer belongs to the testator when the will takes effect.
...ademption by satisfaction
Ademption by satisfaction occurs when a party gives someone a gift initially intended to be included in their will while that party is still alive. In cases of direct familial relationships, ademption by satisfaction is presumed as...
administer
Administer means to carry out a task or give something to someone. Administer appears in a variety of contexts in the legal field. For example:
A trustee administers the assets of an estate by dispersing, selling, or managing the...administration (of an estate)
Administration of an estate means the management of the assets and liabilities of someone who has died. When a person has not designated a personal representative by will to deal with their estate upon death, the court will appoint an administrator...
administrator
In law, there are different meanings for “administrator.”
First, an administrator is a person who operates or leads a business, public office, agency, or other forms of organization. There are court administrators and local...