What does the Latin abbreviation “et al.” mean?
Et al. is the abbreviation for several Latin words, depending upon what the writer intends it to say:
Et alii means the writer wants to say “and others (people).”
Et alia means the writer wants to say “and other things.”
Inter alios means the writer wants to say “among others (people).”
Inter alia means the writer wants to say “among other things.”
N.B. All Latin forms and meanings are abbreviated in the same way, viz., “et al.”.
What does it mean to own property in Fee Simple Absolute?
To own property in Fee Simple Absolute means to own 100% of the property in every aspect. Ownership is not shared with another. It means to own the property absolutely insofar as you can do with the property whatever you wish within the boundaries of local zoning ordinances.
What is a Will?
A Will is one among several ways to give a gift. With respect to Inheritance Tax, which has to be paid by the decedent’s estate, a Will is a more expensive way to give a gift, because the value of the gift is counted as part of the entire value of the decedent’s estate, and Inheritance Tax is based on a percentage of the total value of the decedent’s estate.
Therefore, you can understand why a Will is a more expensive way for a decedent to pass on any form of property to a beneficiary.