Doctrine of exoneration of liens
The doctrine of exoneration of liens (sometimes simply referred to as "doctrine of exoneration") refers to a common law rule. The rule says that encumbrances (i.e. a mortgage) of a property conveyed by a will is discharged with funds from the originating estate, not from the property itself.[1]
References
[edit]- ^ Johanson, Stanley M.; Dukeminier, Jesse (2000), Wills, Trusts, and Estates, Aspen Law & Business, p. 468, ISBN 0-7355-0636-1
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