If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their physical labour

This means, for example, that if a principal authorizes someone to sell the principal's house or other real property, and the law requires a contract for the sale of real property to be in writing (which is required under the Statute of Frauds in most U

states are adapting the Uniform Trust Code to codify and harmonize their trust laws, but state-specific variations still remain

Assets left to any other heir, including the decedent's children, may be taxed if that portion of the estate has a value in excess of the lifetime gift, estate, and generation-skipping transfer tax exemption amount

The probated will then becomes a legal instrument that may be enforced by the executor in the law courts if necessary

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" The includible property may consist of cash and securities, real estate, insurance, trusts, annuities, business interests and other assets