Traditionally, a state statute of descent and distribution provides the order of preference for disposal of an intestate’s net estate. As a general rule, the person or persons with the highest rank in the order of preference who survive the intestate take all of the intestate’s net estate.
State statutes of descent and distribution are usually supplemented by other statutes or court rulings governing inheritance in unusual circumstances. This article discusses some of those unusual circumstances.
This article is the third part of a three-part series describing the traditional names for the various members of one’s family.
When a trustee receives a distribution, it can be difficult to determine whether he should pay it to the beneficiary or add it to the “corpus” (the trust property).
A court will modify a trust where the trust’s leading purpose is frustrated by a specific directive made by the trustor.