Trust merger is when the sole trustee and the sole beneficiary of the trust are the same person or institution. When this occurs, there is no longer separation between the trustee’s legal ownership of the trust property and the beneficiary’s...
property law
trust protector
A trust protector is a role with specific duties that is assigned by the trust document in order to fulfill the purpose of the trust. In the Uniform Trust Code Section 808, the trust protector is defined as “a person other than the trustee or...
trust res
Trust res, also named as trust corpus, principal, subject matter, or trust property, is the property that is transferred into a trust. The term “corpus” is Latin for "body.” A trust corpus is the "body" of the trust. It is the property that...
trustee
A trustee is a third party who is authorized by a settlor to execute and manage trust assets. A trustee holds the title of the trust asset. A trustee is a requirement of an express trust along with trust property, trust intent, and definite...
typosquatting
Typosquatting is the process of acquiring similarly spelled or misspelled domain names for the purpose of capturing traffic intended for another website. Typosquatters profit from this conduct in multiple ways, such as providing pop-ups for...
Uniform Principal and Interest Act
The Uniform Principal and Interest Act, also known as the Uniform Principal and Income Act, is a uniform statute, adopted by most states, that in its most recent version allows some trustees to make adjustments that were not formerly allowed...
United States Copyright Office
The Copyright Office serves as the main administrator of copyrights in the United States; organized as a department of the Library of Congress. Individuals who create a work eligible for a copyright can automatically be legally protected from...
unlawful detainer
An unlawful detainer, also known as an eviction lawsuit, is a summary proceeding to determine the right to possession of real property. Moreover, the sole issue in an unlawful detainer action is possession of the premises, and no other issue...
vacant
Definition
1) Empty, unclaimed, and/or unoccupied real property.
2) An abandoned estate, i.e. an estate that has no heirs or claimants.
Illustrative caselawSee, e.g. Simmons v. Saul, 138 U.S. 439 (1891).
See also...
vacant succession
Vacant succession refers to when no heirs to an estate can be found or those that are known predeceased the testator or rescinded their inheritance. Vacant succession typically refers to property being distributed under a will, not as an...