exam-summary-jazyk-i4-anglictina-pro-pravniky
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Land Registry = subsitute for itle deeds
o
tenancy agreements
deposit = záloha, kauce
Law of Probate
o
area of law dealing with the property of the deceased
o
deiniions
testator (testatrix) = person wriing a will
bequeath = to leave or give by a will
probate = legal process of setling the estate of a deceased person,
veriicaion of the will by the court
executor = the person appointed by the will to administer the property of
the testator
inherit = receive the property of a dead person
will = document staing what a person has decided is to be done with his
property ater his death
intestate = not having let a will
succession = the act or process of becoming enitled as a legal beneiciary to
the property of a deceased person
parial intestacy = there is a will dealing with some of the deceased person’s
property but not all of it
inheritance tax = tax paid from money you have received from a dead
person
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administrator = a person appointed by the court to take charge of the dead
person’s property if there is no will
Law of Trusts
o
a trust is a legal obligaion given by a setlor (donor), binding upon the trustee, for
the beneit of the beneiciary
o
iduciary duies = a trustee’s legal duty to act enirely in the interest of the
beneiciary
o
private
express = deliberately and consciously created
elements:
o
certainty of intenion
o
certainty of subject-mater
o
certainty of object
implied = based on presumed intenion of the setlor
construcive = created by a court
o
public (charitable)
setlor is replaced by a donor; beneiciaries don’t need to be so certain; tax
exempions
purposes:
the relief of poverty
the advancement of educaion
the advancement of religion