Examlex
One of the themes of this chapter is that the law favors the rich and the powerful. Why is this the case?
Formalities
Formalities are the specific procedures, conditions, and modes of operation that are required by law or policy for legal actions, documents, or agreements to be valid.
Valid
Legally acceptable and recognized, having force or binding effect; applicable to contracts, agreements, or official documents.
Probate
The legal process through which a deceased person's will is validated, and their estate is distributed to heirs and designated beneficiaries.
Enforceable Trust
A trust arrangement that meets all legal requirements and therefore can be executed as per its terms.
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