Examlex
Each stage of community change during succession is called a _____ stage.
Testamentary Trust
A legal arrangement created as per the instructions in a will, allowing assets to be managed and distributed to beneficiaries after the grantor's death.
Living Person
An individual who is currently alive, as opposed to a deceased individual or a fictitious character.
Trustor
An individual or entity that creates a trust by placing assets under the control of a trustee for the benefit of a beneficiary.
Demonstrative Legacy
A gift of a particular amount of money or a specific asset to a specific beneficiary, distinguished from the rest of an estate, made in a will.
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