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Trust Glossary

Common Law State - States other than the nine community property states. In common law states, property acquired during a marriage is historically considered to be owned only by the husband during life and transferable only by the husband at death, subject to the wife's dower and right of election.

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The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.

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