Irrevocable Trust at Legal Glossary

What is it? A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

Law Definition Added By: Madison

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Law Terms motion in limine is A request submitted to the court before trial in an attempt to exclude evidence from the proceedings. A motion in limine is usually made by a party when simply the mention of the evidence would prejudice the jury against that party, even if the judge later instructed the jury to disregard the evidence. For example, if a defendant in a criminal trial were questioned and confessed to the crime without having been read his Miranda rights, his lawyer would file a motion in limine to keep evidence of the confession out of the trial.

Law Terms pretermitted heir is A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an omitted heir.

Law Terms collateral estoppel is See estoppel.

Law Terms no-fault insurance is Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a persons losses and that no-fault does not compensate for pain and suffering.

Law Terms future interest is A right to property that cannot be enforced in the present, but only at some time in the future. For example, Johns will leaves his house to his sister Marian, but only after the death of his wife, Hillary. Marian has a future interest in the house.