A special power of appointment is a legal authority granted to a person (the donee) under a trust or will, allowing them to designate who will receive certain property or assets, subject to specific limitations. The objects of the power in a...
property & real estate law
spite fence
A spite fence is a fence (whether a division fence or otherwise) built maliciously, with the sole purpose or intent of annoying, injuring, or spiting an adjoining owner (commonly a neighbor). For example, a spite fence might block the...
spot zoning
Spot zoning refers to when a piece of property or groups of property have special zoning laws applied to them that differ from the zoning laws surrounding them. The practice of spot zoning can be very controversial and may be illegal. Some...
spousal share
Spousal share (also called forced, elective, or statutory share) refers to the amount state laws entitle a spouse to after their spouse passes regardless of what is in a will. Spousal shares prevent spouses from changing the amount through a...
springing executory interest
Springing executory interest is a future interest in a third-party transferee that divests the grantor’s interests at a future time. It transfers the rights in property from a grantor to the third-party transferee when a specific event occurs...
springing interest
Springing interest is an interest in property where the person owns the property after something occurs or at a specified time. Springing interests often appear in wills and estates where a person inherits property only after something occurs...
Stambovsky v. Ackley
Stambovsky v. Ackley
PartiesAppellant/Plaintiff: Jeffrey M. Stambovsky
Respondent/Defendant: Helen V. Ackley et al.
Court and DateAppellate Division 1st Department of the Supreme Court...
statute of frauds
Statute of frauds is a statute requiring certain contracts to be in writing and signed by the parties bound by the contract. The purpose is to prevent fraud and other injury. The most common types of contracts to which the statute applies are...
statutory share
Statutory share (also called forced, elective, or spousal share) refers to the amount state laws entitle a spouse or other person to regardless of what is in a will. Usually, statutory share will refer to the amount a person will be able to...
stepped-up basis
Stepped-up basis refers to a tax policy that looks at the market value of assets at the time a person inherits them instead of the value when the prior owner purchased the assets. For tax purposes, assets that are sold will be taxed for...