GLOSSARY

REAL PROPERTY

Land and all the things that are attached to it. Anything that is not real property is personal property and personal property is anything that isnt nailed down, dug into or built onto the land. A house is real property, but a dining room set is not.

RECEIPTS

All cash or other assets of the estate received by the fiduciary, other than those listed on the inventory and appraisement. Receipts must be reported to the court on a schedule in the periodic accounting.

REGIONAL CENTER

Private, nonprofit agencies that contract with the state to provide services to persons with developmental disabilities, including assessment, individual program planning, case management, purchase of services, and advocacy. There are 21 regional centers throughout the state.

RESIDUARY ESTATE

Also known as residue of the estate. Portion of the estate left after bequests of specific items of property are made. Often the largest portion.

RESIDUARY LEGATEE

The person or persons named in a will to receive any residue left in an estate after the bequests of specific items are made.

RESPONDENT

The person against whom an appeal is made; the responding party in a dissolution, nullity, adoption, or probate matter.

REVOCABLE LIVING TRUST

A trust created during the makers lifetime that can be changed. Allows the creator to pass assets on to choose beneficiaries without going through probate.

RIGHT OF SURVIVORSHIP

In a joint-tenancy or community property with right of survivorship, the property automatically goes to the co- owner if the other co-owners dies.

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