The term "caeterorum" refers to the portion of an estate that remains after specific parts have been allocated. It translates to "of the remainder" or "of the rest." A grant caeterorum is a legal term used to describe a grant that pertains to the balance of an estate, typically following a grant that addresses a specific part of that estate.
Caeterorum is primarily used in estate law and property law. It is relevant in situations where an estate is being divided among heirs or beneficiaries. This term is particularly important in the context of wills and trusts, where specific assets may be designated to certain individuals, and the remaining balance is referred to as caeterorum. Users can manage related legal documents using templates available through US Legal Forms.
Here are a couple of examples of abatement:
Example 1: A will specifies that a family home is granted to one child, while the remaining assets, including cash and investments, are designated as caeterorum for the other heirs.
Example 2: In a trust, specific items such as jewelry may be given to one beneficiary, with the rest of the assets classified as caeterorum for distribution among others. (hypothetical example)
Examples of state differences (not exhaustive):
| State | Variation |
|---|---|
| California | Specific rules about how caeterorum is distributed can vary based on local probate laws. |
| New York | New York law may specify different requirements for the documentation of caeterorum. |
| Texas | Texas has unique provisions regarding estate distribution that may affect caeterorum. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition | Difference |
|---|---|---|
| Specific grant | A grant that allocates specific assets to an individual. | Caeterorum refers to the remaining balance after specific grants have been made. |
| Residual estate | The part of the estate left after all debts, taxes, and specific gifts have been paid. | Caeterorum may refer to the same concept but is used in a different legal context. |
If you find yourself dealing with caeterorum, it is essential to understand how your estate is structured. Consider the following steps:
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It means âof the remainderâ and refers to the balance of an estate after specific parts have been granted.