Glossary of terms

Common Probate and Trust Legal Terms Abatement: When the estate does not have enough remaining property to pay each beneficiary in full, an abatement is the lesser amount heirs may receive. Administrator: Also called an executor, the person in charge of

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Inherited Property: What Do You Do Now?

An Inherited House: Gift or Burden? If a loved one has died and you find yourself inheriting their property, you’re likely experiencing a deluge of mixed emotions. In addition to grief, you may experience gratitude or even elation at your

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