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A clause which allows an insured party to relinquish control of insured, damaged property in exchange for full payment from the insurer. … [Read more...] about ABANDONMENT CLAUSE

In real property law, a stranger who, having no right of entry, contrives to get possession of an estate of freehold, to the prejudice of the heir or devisee, before the latter can enter, after the ancestor's death. Litt … [Read more...] about ABATOR

In criminal law. The offense of taking away a man's wife, child, or ward, by fraud and persuasion, or open violence. 3 Bl. Comm. 139 141; Humphrey v. Pope, 122 Cal. 253, 54 Pac. 847; State v. George, 93 N. C. 567; State v. Chisenhall, 106 N. C. 676, 11 S. E. 518; People v. Seeley, 37 Hun (N. Y.) 190. The unlawful taking or detention of any female for the purpose of marriage, … [Read more...] about ABDUCTION

This is a trust instrument (also known as a bypass or credit shelter trust) which allows a couple to reduce their estate taxes or avoid them altogether. Each spouse places their respective property in an AB trust. When the first spouse dies, the half of the property owned by that spouse passes to the beneficiaries who are named in the trust (usually these are the adult children … [Read more...] about AB TRUST

In the civil law. The act of a person who was sued in a noxal action, i.e., for a tort or trespass committed by his slave or his animal, in relinquishing and abandoning the slave or animal to the person injured, whereby he saved himself from any further responsibility. See lust. 4, 8, 9; Fitzgerald v. Ferguson, 11 La. Ann. 396. ABANDUN, or ABANDUM. Anything sequestered, … [Read more...] about ABANDONMENT FOR TORTS