Examlex
If you eat at a Las Vegas casino that charges $12 for its all you can eat buffet, then the marginal cost of your third trip to the buffet line is
Durable Power of Attorney
A legal document that grants one person the authority to act on behalf of another person in financial or health matters, remaining effective even if the grantor becomes incapacitated.
Incapacitated
Refers to a state in which an individual or entity is temporarily or permanently unable to perform their duties or activities due to physical or mental limitations.
Living Trust
A legal document that allows an individual, the trustor, to designate another person, the trustee, to manage their assets for the benefit of a third party, the beneficiary, while the trustor is still alive.
Corpus
The principal amount of a trust or estate, as distinguished from income or interest generated by it.
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