Examlex
The key lesson learned by the fact that thalidomide showed no impact when tested on pregnant rats but led to birth defects in humans is that
Spendthrift Trust
A trust created to protect the beneficiary from spending all the funds to which she or he is entitled. Only a certain portion of the total amount is given to the beneficiary at any one time, and most states prohibit creditors from attaching assets of the trust.
Grantor
An individual or entity that grants or transfers an interest in real property to another through a deed or other legal instrument.
Health-Care Powers
Legal authority granted to an individual (through a document or decree) to make medical decisions on behalf of another person.
Living Trust
A trust created by the grantor (settlor) and effective during his or her lifetime.
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