civ. law. One, the object of which is for the benefit of the person with whom it is made, without any profit, received or promised, as a consideration for it as, for example, a gift. … [Read more...]
GRAVA
In old English law. A grove; a small wood; a coppice or thicket Co. Litt 4b. A thick wood of high trees. Blount. … [Read more...]
GRAVAMEN
The grievance complained of; the substantial cause, of the action. The primary or essential element of a lawsuit of an issue. The gravamen of the complaint. The burden or gist of a charge; the grievance or injury specially complained of. In English ecclesiastieal law. A grievance complained of by the clergy before the bishops in convocation. … [Read more...]
GRAVATIO
In old English law. An accusation or impeachment. Leg. Ethel, c 19. … [Read more...]
GRANTOR RETAINED INCOME TRUST
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...]