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Glossary

 
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Glossaries

Term Definition
Death Taxes
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.
deed-in-lieu
A method by which a property-owner may transfer real property to a lender in exchange for release of debt.
disinherit
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.
domicile
Place of residency
Dominant Tenement
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.