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Intestate Succession
The process by which property is distributed by law when a person dies without a valid will, determining heirs based on their relationship to the deceased.
Testamentary Trust
A trust that is created by a will.
Conveyance in Trust
A legal arrangement where property is transferred to a trustee for the benefit of another party, often used in estate planning and asset protection.
Intervivos Trust
A trust created during the lifetime of the settlor, allowing the settlor to transfer assets before their death for the benefit of designated beneficiaries.
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