A term used to describe certain types of accounts in trust institutions. The main distinguishing characteristic of an agency is that the title to the property does not pass to the trust institution bu [..]

Auxiliary or subordinate to something; used in terms such as "ancillary administration" referring to the administration of an estate or property outside of the state of residence of the dece [..]

The amount of property that may be given annually to a donee free of gift tax.

(1) One who inherits a share or part of a deceased's estate; or (2) one who is the recipient of an interest under a trust; or (3) one designated as a recipient of the proceeds under a contract su [..]

A gift of personal property by Will; the same as a legacy. Bequests are classified as specific or general. A specific bequest is a gift of a designated class or kind of property; for example, a gift o [..]

A trust for a fixed term of years in which a charity is the beneficiary of the income and the remainder or principal at the end of the term is given to a non-charitable beneficiary. A trust for a fixe [..]

A trust for a fixed term of the life of an individual in which the income is paid to a non-charitable beneficiary during the term and the remainder or principal passes to a legal charity upon the term [..]

A trust created for the benefit of the community, ordinarily without a definite beneficiary; as, a trust for educational purposes. The same as a public trust; opposed to a private trust.

An amendment or supplement to a Will. It must be executed with all the formalities of the Will itself.

Property acquired during marriage in which both husband and wife have an undivided one-half interest. No more than 1/2 of the community property can be disposed of by a Will. Colorado is not a communi [..]