ESTATE PLANNING LAW GLOSSARY
Glossary of Estate Planning Law Terms
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F
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J K
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M N O
P Q
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U V
W X Y Z #
Click on the first letter of the word
from the list above to go to the appropriate section of
the glossary.
- F -
Fair market value:
The market price for an asset as would be agreed to by a willing buyer and a
willing seller.
Fee simple ownership: Property ownership where one person or entity holds the entire ownership
interest.
Fiduciary: A person or institution that is legally responsible for the
management, investment, and distribution of funds (i.e. the trustee
identified in a trust).
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