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ESTATE PLANNING LAW GLOSSARY |
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Glossary of Estate Planning Law Terms
A
B C
D E
F G
H I
J K L
M N O P
Q R
S T
U V
W X Y Z #
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- 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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