Social Security Disability Insurance; A federal insurance program, funded by payroll taxes, managed by the Social Security Administration, is provides monthly monetary payments to people who are unable to work because of a disability. … [Read more...] about SSDI
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SPRINGING DURABLE POWER OF ATTORNEY
A durable power of attorney that only comes into existence and effect at the time when the maker of the document becomes incapacitated. … [Read more...] about SPRINGING DURABLE POWER OF ATTORNEY
SPRINGING INTEREST
An interest in real property that will occur at a specified time or when a specified event occurs, e.g. an interest to arise upon the death of another person. … [Read more...] about SPRINGING INTEREST
SPRINGING USE
estates. One to arise on a future event, when no preceding estate is limited, and does not take effect in derogation of any preceding interest. Example: a grant is made to A in fee, to the use of B in fee, after the fourth of July; no use arises till the limited period. The use in the mean time results to the grantor, who has a determinable fee. A springing use differs from a … [Read more...] about SPRINGING USE
SPRINKLING TRUST
A trust that provides a trustee with discretion on how to distribute the funds in a trust. … [Read more...] about SPRINKLING TRUST