Estate Planning Basics

Summary

An original estate refers to the assets and liabilities at a persons death. House Joint Resolution 192 ended the gold standard in 1933. Money is a medium of exchange. A true bill is a grand jury indictment. A person can be an individual or entity with legal rights. Idem sonans allows phonetically similar names to be legally recognized as identical.

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What is house joint resolution *?
House Joint Resolution *, passed in *, addressed the suspension of the gold standard in the United States. It declared that obligations requiring payment in gold or a specific kind of coin were against public policy and allowed debtors to repay debts with any legal currency.
What is money?
Money is a medium of exchange that facilitates the transfer of goods and services. It serves several key functions:
- Medium of Exchange: Allows transactions between parties.
- Unit of Account: Provides a standard measure of value.
- Store of Value: Maintains its value over time.
- Standard of Deferred Payment: Enables credit transactions.
Do you have specific legal concerns related to money or financial transactions?
What is a true bill?
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A "true bill" refers to an indictment issued by a grand jury. It means the grand jury has found sufficient evidence to charge someone with a crime. Would you like more information on how the grand jury process works?
What is the definition of person?
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In legal terms, a "person" refers to any individual or entity capable of having legal rights and obligations. This includes:
- Natural persons (individual human beings)
- Legal or juristic persons (corporations, partnerships, governments)
Is there a specific legal issue related to the definition of "person" that you're concerned about?
What is idem sonans?
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"Idem sonans" is a legal doctrine where names that sound alike or are phonetically similar can be legally recognized as identical for certain purposes, such as in legal documents or proceedings. This can be relevant in cases of minor spelling errors or variations that don't affect the identity of the person or entity involved.