Death Tax - Law Dictionary Search Results

Wills. A will is the valid disposition by a living person, to take effect after his death, of his disposable property. ''But in law ultima voluntas in scriptis is used, where lands or tenements are … (English) Law of Property Act, 1925, contingent, specific or residuary devises of real or personal property carry the income, and see the (English) Trustee Act, 1925, s. 31. S. 179, (English) L.P. Act, 1925, enables testators to

Marz-ool-maut

Marz-ool-maut, under the Mohemmedan Law, the term 'marz-ool-maut' is applicable not only to disease which actually cause death but to diseases from which it is probable that death will ensure so as to engender in the … the term 'marz-ool-maut' is applicable not only to disease which actually cause death but to diseases from which it is probable that death will ensure so as to engender in the person affected with the disease an

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Magna Carta

any other, which holdeth of us in chief by knight's service, die, and at the time of his death his heir be of full age, and oweth to us relief, he shall have his inheritance by the … sureties appears to be clear and satisfactory. It is the prerogative of the Crown to claim priority for taxes and penalties before all other creditors, and to recover by a very prompt and efficacious process, because thesaurus

Donatio mortis causa

Donatio mortis causa, a gift of personal property in prospect of death; a death-bed disposition; an inchoate gift of personalty consummated by the giver's death. It is derived from the … property in prospect of death; a death-bed disposition; an inchoate gift of personalty consummated by the giver's death. It is derived from the Civil Law; Justinian's Inst. Lib. 2, tit. 7, shows its nature. To render this

trust

that is usually characterized by some kind of commercial activity, transferable certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the hands of trustees, and officers having duties of management called … all relationships labeled as trusts have all of these characteristics, however. Trusts are often created for their advantageous tax treatment. accumulation trust : a trust in which principal and income are allowed to accumulate rather than being

Married women's property

freehold estate became his to manage and take the profits of during the joint lives only. After his death, leaving her surviving, it passed to her absolutely; after her death, leaving him surviving, provided that it was … anticipation' [see ANTICIPATION] 'at present attached, or to be hereafter attached, to the enjoyment of any property or income by a woman under any settlement, agreement for a settlement, will, or other instrument.' Moreover, by s. 3

Executor

is only evidence of his title; as a rule it relates back to the time of the testator' death, and as the executor derives full power from the will he can act as executor before probate obtained. … 2 Ch 13. Probate of the will, when obtained, is only evidence of his title; as a rule it relates back to the time of the testator' death, and as the executor derives full power from the

Remainder

would take an estate in fee-simple, giving him a right to the possession of the land upon the death of the feoffee, or the expiration of twenty-one years, or the extinction of the feoffee and his issue. … creation of a particular estate, is at the same time limited over to another, who is to enjoy it after the determination of such particular estate. After 1925 remainders can operate only as equitable interests, and in

Murder

doing wrong, and able to discern between good and evil. See IDIOT; LUNATIC; DRUNKENNESS AND MACNAUGHTON'S CASE. (2) Death must result within a year and a day after the cause of death administered, see R. v. Dyson, … Murder [fr. morthor, morthen, Sax.; murdrum, Low Lat.]. It is thus defined by Coke (3 Inst. 47): 'When a person of sound memory and discretion unlawfully killeth

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