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As you share your high school transcript with your children,you notice that you attribute the "A's" to your hard work and discipline.The poor grades are explained by telling your children that the teacher was bad and the tests were unfair.Oops! You realize that you've committed the:
Legal Title
The formal right of ownership of property, recognized and protected by law, which may not necessarily entail the possession or use of the property.
Resulting Trust
A trust law concept that arises when one person holds the title to property under circumstances suggesting that he or she should not enjoy the full beneficial interest in the property.
Living Trust
A legal document that allows an individual to control their assets during their lifetime and distribute the remaining assets after death without the need for probate.
Specific Criminal Act
An action or conduct that violates criminal law and is clearly defined by statute.
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