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Mar 21, 2024 · The last will and testament is often the first legal document people consider when starting estate planning. Having a will is arguably the most important step in the estate planning process as a will typically names a personal representative for your estate and names beneficiaries to assist in the probate process.
The formal organization is an officially defined set of relationships, responsibilities, and connections that exist across an organization. The traditional organizational chart, as illustrated in Figure \(\PageIndex{1}\), is perhaps the most common way of depicting the formal organization.
If a female, may be referred to as the testatrix. Transfer on death designation – A beneficiary designation for a financial account (and in some states, for real estate) that automatically passes title to the assets at death to a named individual or revocable trust without probate. Frequently referred to as a TOD (transfer on death) or POD ...
Define testatrix. testatrix synonyms, testatrix pronunciation, testatrix translation, English dictionary definition of testatrix. n. pl. tes·ta·tri·ces A deceased woman who has left a legally valid will.
Mar 23, 2023 · The members of a well-defined set are fixed and do not change over time. Consider the following question. What are your top 10 songs of 2021? You could create a list of your top 10 favorite songs from 2021, but the list your friend creates will not necessarily contain the same 10 songs. So, the set of your top 10 songs of 2021 is not a well ...
It is also referred to as the cardinality of the set. Sets can have a finite or infinite order. If a set has a finite order, the order of a set is determined by the number of elements in the set. For example, the set A = {1, 2, 5, 7, 9} has an order of 5, since it contains 5 elements. Using set notation, we could express the order of A as: |A| = 4
The phrase “terms of the trust” is defined as the manifestation of the settlor intent “expressed in a manner that admits of its proof in judicial proceedings.” 125 Under the UTC, extrinsic evidence of settlor intent may be used regardless of whether the language in the instrument is ambiguous. 126 Indeed, such evidence may be introduced even to contradict the otherwise unambiguous ...
