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The Natural Objects of One's Bounty - I

The Natural Objects of One's Bounty - I

The phrase "the natural objects of one's bounty" means the closest surviving members of one's family. It usually describes those to whom property of a...

Gifts During Life - II

Gifts During Life - II

An intentional transfer of property made from the generosity of the transferor is known as a gift. The person who makes a gift is known as the donor. The person who...

Trust Elements - A Settlor With Intent

Trust Elements - A Settlor With Intent

A trust has five main elements. First, a settlor transfers some or all of his or her property. Second, the property transferred by the settlor is designated...

Protection of the Immediate Family

Protection of the Immediate Family

One of the main purposes for making and leaving a will is to guide the administration of the estate of the testator--the person who made the will. A will...

Co-Ownership Myths - III

Co-Ownership Myths - III

One of the most confusing aspects of estate planning is the numerous myths about co-ownership of property. Many people do not understand the differences between a...