Learn about Devise (Estate) in estate planning, where real estate is given as a gift through a legal last will. Key insights for property bequests.
Learn about estate wills, a legal document that dictates how an individual's assets should be distributed upon their death. Discover the importance of creating a will, its court enforceability, and how it protects your beneficiaries.
Explore the Federal Estate Tax, a crucial component of general insurance terms. Learn how this federal tax impacts the estate of a deceased person.
Explore the concept of Marital Deduction in estate planning, allowing unlimited property transfer to a spouse. Key details and implications explained.
Learn about Generation Skipping Transfers (GST) in estate planning. Understand how property can be gifted or inherited by individuals two generations down the line from the property owner. Explore the implications and benefits of GST.
Learn about the Unified Tax Credit (Estate), a crucial tax credit used to offset certain estate tax liabilities. Understand how it benefits taxpayers in estate planning and taxation.
Learn about Testamentary Transfer, the legal distribution of a deceased person’s estate as specified in their will. Understand the essentials of how assets are passed on according to a testator's wishes.
Learn about estate tax, a levy based on the value of a deceased's estate that is due to the federal government. Understand its implications for estate planning and asset distribution.
Understand the concept of Per Stirpes distribution in life insurance, which ensures property inheritance through a beneficiary's heirs if the beneficiary predeceases the insured.
