These are irrevocable trusts whose purpose is to save on estate tax. During the life of the trust, you may keep income from trust property or use of the property. When the trust ends, the property is distributed to the named final beneficiaries. These are usually created by wealthy people who are not afraid to part with significant assets. Primary trust types include: (i) … [Read more...]
Search Results for: Grantor
GRANTOR
Someone who creates a trust. He by whom a grant is made. Also called a trustor or settlor. … [Read more...]
GRANTOR GRANTEE INDEX
The records found in a county office where all current and past owners of real estate parcels are listed. … [Read more...]
WITNESS INSTRUMENTARY
Scotch law. He who has attested a deed or other writing. 2. When witnesses attest a deed without knowing the grantor, and seeing him subscribe, or bearing him own his subscription, and the deed happens to be forged, the witnesses are declared accessory to forgery. … [Read more...]
WARRANDICE
In Scotch law. Warranty; a clause in a charter or deed by which the grantor obliges himself that the right conveyed shall be effectual to the receiver. Ersk. Prin. 2, 3,11. A clause whereby the grantor of a charter obliges himself to warrant or make good the thing granted to the receiver. 1 Forb. Inst pt 2, p. 113. Absolute warrandice. A warranting or assuring of property … [Read more...]