Marriage, Divorce & Estate Planning
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25 terms
Terms | Definitions |
|---|---|
Premarital Agreement | is made between prospective spouses in contemplation of marriage and becomes effective upon a marriage |
Consanguinity | state of being related by blood such as mother or father |
Affinity | related by marriage such as stepmother or stepfather |
Bigamy | the act of having two spouses at the same time. |
Polygamy | the act of having more than two spouses at once. |
Common-law marriage | Informal type of marriage in which the parties agree either in writing or orally that they are married and live as man and wife. |
Solemnize | Ceremony or rite that formally recognizes an event such as a marriage. |
Marriage license | a certificate issued by a government |
Proxy marriage | one or both of the parties can't be present for the wedding, and an agent acts on their behalf. |
Annulment | is a declaration by the court that the marriage was never effective |
divorce | is a declaration by the court that a valid marriage has come to an end |
no-fault divorce | eliminates the need to prove that one party is to blame. |
desertion | the unjustified separation of one spouse from the other with the intent of not returning. |
domicile | your principal place of abode. |
residence | is a place where you actually live or reside. |
alimony | an allowance for support and maintenance made to a divorced person by a former spouse |
Sole custody | gives all parental rights, duties, and powers to one parent |
Joint custody | divides the rights, duties, and powers between the parents |
will | a document that is signed during your lifetime that provides for the distribution of your property upon death. |
bequest | a gift of personal property that is made by will |
devise | a gift of real property that is made by will |
heir | one who inherits property under a will or from someone dying without a will |
codicil | a formal document used to supplement or change an existing will. |
executor | a personal representative named in a will |
executrix | carries out the term of the will |
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