Glossary Archive

The commingling of trust assets refers to the improper practice of mixing the assets held in a trust with the personal assets of the trustee or other entities. This practice can lead to a lack of clarity in the management of the trust and may result in legal complications, such as breaches of fiduciary duty....

Common Area Maintenance (CAM) Charge Agreement A Common Area Maintenance (CAM) Charge Agreement is a provision often included in commercial leases which outlines the responsibilities and costs associated with maintaining shared spaces within a property. These shared areas may include lobbies, hallways, restrooms, parking lots, landscaping, and other communal facilities that benefit all tenants. The...

A Common Disaster Clause is a legal provision often included in wills, trusts, or insurance policies that addresses the scenario where two or more parties (typically spouses or partners) die in a common disaster, such as a natural disaster or accident, in which it is unclear who died first. This clause ensures that the estate...

Community-Based ADR Initiatives Community-Based Alternative Dispute Resolution (ADR) Initiatives refer to programs and processes designed to resolve disputes within a community setting, typically outside of the formal court system. These initiatives aim to facilitate communication and negotiation between conflicting parties, fostering a collaborative approach to conflict resolution. Community-Based ADR initiatives often include methods such as...

Community Development Agreement A Community Development Agreement (CDA) is a legally binding contract between a developer and a local government entity that outlines the terms and conditions under which a development project will proceed. These agreements are often used to ensure that the development aligns with community goals and regulatory standards, addressing various aspects such...

Estate Planning Overview: Estate planning is the process of arranging for the disposal of a person's estate during their life and after death. It involves making decisions about how assets will be distributed, who will manage those assets, and how to minimize taxes and other expenses associated with transferring wealth. Detailed Explanation: Effective estate planning...

Community Property refers to a legal doctrine governing the ownership of property acquired during a marriage in certain jurisdictions, including Texas. Under this system, any assets or debts incurred by either spouse during the marriage are considered jointly owned, regardless of which spouse's name is on the title or who earned the income. In Texas,...

Community Property with Right of Survivorship refers to a specific form of co-ownership of property by married couples that not only designates ownership rights but also provides for the automatic transfer of property upon the death of one spouse. Under community property laws, any property acquired during the marriage is generally considered to be jointly...

Community Property with Right of Survivorship Community Property with Right of Survivorship refers to a form of joint ownership between spouses where property acquired during the marriage is owned equally by both partners. This arrangement not only recognizes the equal contribution of both spouses to the acquisition of the property but also provides specific rights...

Comparative Fault Comparative Fault is a legal doctrine used to assign responsibility in a civil case based on the degree of fault of each party involved. This concept is particularly relevant in personal injury and tort cases, where more than one party may share liability for the harm or damages incurred. Under the Comparative Fault...