trusts, inheritances & estates

Comprehensive Environmental Response, Compensation and Liability Act (CERCLA)

Overview

The Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), codified in 42 U.S.C. Chapter 103, is a large piece of legislation passed in 1980 that gives the Environmental Protection Agency (EPA) the ability to...

concurrent estate

Concurrent estates are estates that are either owned or possessed by two or more individuals simultaneously. Concurrent estates include tenancy in common, joint tenancy, and tenancy by the entirety

See: Tkachik v. Mandeville...

condition subsequent

A condition subsequent is an event or state of affairs that, if it occurs, will terminate one party’s obligation to the other. A condition subsequent differs from the similar condition precedents because they take effect after a party has...

conditional bequest

Conditional bequest is a term added to a gift before the recipient can collect the gift. Conditional bequests usually appear in wills and trusts for people wanting to place requirements on inheritances. These conditions can be almost anything...

conditional ownership

Conditional ownership is an interest in property that is subject to some form of condition being fulfilled before the interested party can gain absolute ownership. These conditions can be something required of the person receiving the...

consanguinity

Consanguinity is an old-fashioned term distinguishing relatives by blood from relatives by affinity. Consanguinity refers to the blood relationship between people from some common ancestor; thus, sharing the blood of some common ancestor....

conservatee

A conservatee is a person deemed incompetent by a court and, therefore, a court appointed conservator handles their financial and/or other daily life affairs. The roles of conservator and conservatee follow from the legal concept of...

conservator

A conservator is an individual who handles the financial or daily life affairs of a conservatee, or a party deemed incompetent by a court. The roles of conservator and conservatee follow from the legal concept of conservatorship which is...

conservatorship

A conservatorship is the appointment of a conservator by the court to manage a person’s affairs who is unable to handle them due to their mental capacity, age, or physical disability. The person under the conservatorship is referred to as “...

constructive trust

A constructive trust is not an actual trust by the traditional definition but a trust created through a court’s power, over assets they determine a party cannot equitably keep. It is a legal fiction that is used as a remedy for unjust...

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