T

  • Any type of property that can generally be moved (i.e., it is not attached to real property or land), touched or felt. These generally include items such as furniture, clothing, jewelry, art, writings, or household goods.
  • An involuntary fee levied on individuals or corporations that is enforced by a government entity, whether local, regional or national in order to finance government activities.
  • A loan that a person or organization must repay within a certain period, for example three or five years.
  • A legal and fiduciary relationship created through explicit instructions in a deceased's will. A testamentary trust goes into effect upon an individual's death and is commonly used when someone wants to leave assets to a beneficiary, but does not want the beneficiary to receive those assets until a specified time. Testamentary trusts are irrevocable.
  • A person who has made a will or given a legacy/ a woman who has made a will or given a legacy.
  • A legal arrangement that transfers control over property to a person or organization for the benefit of someone else.
  • A person or organization that controls property or assets for the benefit of someone else.