financial events

wills: attestation requirement

The attestation requirement for a will demands that wills must be executed in front of a specific number and type of witness in order to be valid. The witness must acknowledge the will and that the testator was of sound mind and health upon...

wills: signature requirement

The signature requirement for wills states that a will must be signed and dated by the testator in the presence of two or more witnesses. Furthermore the required witnesses must sign the will or a subsequent document depending on the state in...

wills: writing requirement

The writing requirement for wills demands that a will be in writing, or in physical form, in order to be valid. The writing requirement is typically met as long as the will is written in some more or less permanent medium such as typed or...

words of procreation

Words of procreation are the language in a will or deed that indicates a transfer of property to one person and that person's descendants. Typically, the words are used as "to A and the heirs of his body," where A is the person who inherits...

workout

A workout is an arrangement negotiated between a debtor and creditor to manage and resolve a debt, either by paying it off or through loan forgiveness. It is a mutual agreement entered into by a borrower and a lender to reschedule the terms...

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