§ 1551 Appointment of trustee upon petition of executor or administrator; …
§ 1552 Receipt of trustee
§ 1553 Personalty in possession of life tenant; discharge of executor or …
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Terms Used In Delaware Code > Title 12 > Chapter 15 > Subchapter IV - Life Interest in Personalty Where Will Appoints No Trustee to Administer

  • Court: means the Court of Chancery. See Delaware Code Title 12 Sec. 39A-101
  • Disclaimant: means the person to whom a disclaimed interest in property would have passed had the disclaimer not been made, or the person who would have had a power over property or with respect to property, including a power of appointment, had the disclaimer not been made. See Delaware Code Title 12 Sec. 602
  • Disclaimer: means the refusal to accept an interest in or power over property. See Delaware Code Title 12 Sec. 602
  • Executor: A male person named in a will to carry out the decedent
  • Fiduciary: A trustee, executor, or administrator.
  • Fiduciary: means a personal representative, trustee of a trust, agent acting under a power of attorney, conservator, custodian under a Uniform Transfers to Minors Act [Chapter 45 of this title] or similar statute of any jurisdiction, guardian, or other person authorized to act as a fiduciary with respect to the property or power of another person. See Delaware Code Title 12 Sec. 602
  • Holder: means the person holding a power of appointment over an interest in property held in a trust, or holding a power over a trust, who is granted the right or authority to exercise the power of appointment over an interest in property held in a trust or of a power over a trust under the terms of the instrument governing the trust. See Delaware Code Title 12 Sec. 602
  • Jointly held property: means property held in the name of 2 or more persons under an arrangement in which all owners have concurrent interests and under which the last surviving owner is entitled to the whole of the property. See Delaware Code Title 12 Sec. 602
  • owner: shall include a tenant by the entirety. See Delaware Code Title 12 Sec. 602
  • Person: means an individual, living, deceased or unborn, ascertained or unascertained, corporation, business trust, statutory trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government, or any governmental subdivision, agency, or instrumentality, or any other legal or commercial entity. See Delaware Code Title 12 Sec. 602
  • Personal property: All property that is not real property.
  • Testator: A male person who leaves a will at death.
  • Trust: means :

    a. See Delaware Code Title 12 Sec. 602

  • Trustee: A person or institution holding and administering property in trust.