Simple English definitions for legal terms
Read a random definition: outstanding capital stock
A family arrangement is when family members make a special agreement to share property or belongings in a way that is different from what the law says. This is also called a family settlement.
A family arrangement is an informal agreement made among family members to distribute property in a way that is different from what the law requires. This agreement is also known as a family settlement.
These examples illustrate how family arrangements can be made to override legal decisions and distribute property or responsibilities in a way that is agreed upon by all family members involved.