Actuary – Explained

What is an Actuary? An actuary is a person conversant in the profession of mitigating and managing the risks associated with financial investments and other ventures that are potentially risky. Actuaries have excellent knowledge and skills in mathematics, statistics...

Ademption – Explained

What is Ademption? Ademption (also known as “Ademption by Extinction”) is a legal doctrine applicable to property that is passed in a decedent’s last will and testament (will). More specifically, it provides the rules for what happens when a decedent...
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