Examlex
The following children understand one concept each. In this context, who among the following children understands the principle of transitivity?
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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