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Intestate Succession
The process by which the property of a deceased person is distributed when they die without a valid will, based on laws of the state or country.
Life Estate
An ownership interest in which the holder has the right to possess the property until her or his death.
Eminent Domain
The right of a government or its agent to expropriate private property for public use, with payment of compensation.
Trade Secret
Confidential business information that provides a competitive edge and is subject to efforts to maintain its secrecy.
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