Articles

Equitable Division of Community Property at Divorce

Compensatory adjustment is a leveling asset, which is paid to the less wealthy spouse by the wealthier spouse when a marriage is dissolved and the division of property is made. A married couple might have accumulated community property, which they have acquired during...

Differences Between Two Common Forms of Last Will and Testament

A will, which institutes the right of possession on property, is grouped with other similar testaments instituting access and usage rights to a certain property. The devisee of the testament is granted rights to manage property under the testament as well as entitled...

A pro forma registration

A pro forma registration of title means clarification of the ownership of the real estate or an unseparated parcel or designated share of a property in the public title and mortgage register. For instance, all the parties of undistributed death estate will be...

Statutory portion of an inheritance

Statutory portion of an inheritance is a minimum share, which the heir receives in spite of the Last Will of the deceased.  According to the provisions of the Inheritance Code, every direct heir and adopted child as well as their descendants have the right to get a...

Quarrelsome estate

An estate of deceased is an economic entity consisting of the deceased person’s assets and debts. The parties to this economic entity are the lawful heirs of the deceased, as well as potential legatees. The surviving spouse is a party until the partition if he...