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Express Trust
A trust explicitly created by a settlor, typically in writing, specifying the terms, beneficiaries, and trustees, as opposed to being created by implication or operation of law.
Intestate Succession
The legal process by which property is distributed by law to the heirs of an individual who dies without a valid will.
Joint Tenancy
A form of property ownership where two or more individuals hold equal shares and rights in the property, with a right of survivorship.
Memorandum
A written document or note that helps in remembering or conveying information, intentions, or understanding between parties.
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