Income that is excluded from being taxable. … [Read more...]

estates. An executory devise is a limitation by will of a future contingent interest in lands, contrary to the rules of limitation of contingent estate is in conveyances at law. When the limitation by will does not depart from those rules prescribed for the government of contingent remainders, it is, in that case, a contingent remainder, and not an executory devise. 2. An … [Read more...]

Bankruptcy Under Chapter 7 bankruptcy, there are certain items you may keep which a creditor may not pursue. For example, most states will allow a person who succeeds in their bankruptcy filing to keep their clothing, social security payments that have been saved, household items, a cheap inexpensive car, house (in some states), pets, basic household appliances, some … [Read more...]

An ownership interest in real property that will pass to another person or party only if certain events occur or specific conditions are met. … [Read more...]

Freedom from a general duty or service; immunity from a general burden, tax, or charge. Green v. State, 59 Md. 128, 43 Am. Rep. 542; Koenig v. Railroad Co., 3 Neb. 380; Long v. Converse, 91 U. S. 113, 23 L. Ed. 233. A privilege allowed by law to a judgment debtor, by which he may hold property to a certain amount, or certain classes of property, free from all liability to levy … [Read more...]