Currently 40% of the gross estate valued in excess of $5,000,000 at the Federal Level.
|Deed of Trust||
securitization for a promissory note against real property collateral.
A method by which a property-owner may transfer real property to a lender in exchange for release of debt.
To purposefully state that someone who would otherwise be a beneficiary of a will or a trust is not to take any portion of the estate.
Place of residency
The landowner benefitted by an easement.
|Due on Sale||
A term in a promissory note and/or deed of trust requiring that the loan be paid in full if any substantial portion of the collateral is sold or transferred.
|durable power of attorney||
A power of attorney that survives (is "durable") the maker's incompetence.