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The U.S. generation-skipping transfer tax (a.k.a. "GST tax") imposes a tax on both outright gifts and transfers in trust to or for the benefit of unrelated persons who are more than 37.5 years younger than the donor or to related persons more than one generation younger than the donor, such as grandchildren. [1]
Adverse possession in common law, and the related civil law concept of usucaption (also acquisitive prescription or prescriptive acquisition), are legal mechanisms under which a person who does not have legal title to a piece of property, usually real property, may acquire legal ownership based on continuous possession or occupation without the permission of its legal owner.
In many jurisdictions of the U.S., a person who discovers an estray will be required to file an affidavit of estray, along with its description, and potentially impound that animal in some way for a period of time. If the estray is branded, the owner can often be identified immediately. The owner of the estray will generally have a limited time ...
Allodial title constitutes ownership of real property (land, buildings, and fixtures) that is independent of any superior landlord.Allodial title is related to the concept of land held in allodium, or land ownership by occupancy and defence of the land.
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