What is an Estate Tax Return?
An estate tax return, officially known as Form 706, “United States Estate (and Generation-Skipping Transfer) Tax Return,” is a document …
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What Is A Simple Trust?
A simple trust, in its most basic form, is a legal arrangement where one party (the grantor) transfers assets to …
What is a Spendthrift Clause?
A spendthrift clause is a provision often included in trusts that aims to protect trust assets from being squandered by …
What is a Successor Guardian?
Guardianship, a legal arrangement where an individual or entity assumes responsibility for the care of another person deemed incapable, often …
What is a Testamentary Trust?
A testamentary trust is a legal arrangement that comes into effect after someone passes away. It’s created through a will, …
What Is Considered Elder Abuse?
Elder abuse is a serious problem that affects millions of older adults each year. It can take many forms, including …
What Is a QTIP Trust?
A Qualified Terminable Interest Property (QTIP) trust is a specialized type of irrevocable trust designed to provide for a surviving …
What is a Qualified Terminable Interest Property Trust?
A Qualified Terminable Interest Property (QTIP) trust is a specialized legal instrument used in estate planning, designed primarily to minimize …
What Is a Guardianship Accounting?
A guardianship accounting is a detailed financial report that outlines all income and expenses incurred on behalf of a ward …
What is a Self-Proving Affidavit?
In probate law, there are numerous legal documents that must be meticulously executed and filed to ensure the smooth transfer …