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A) B)
-Which of the following statements is true about graph (A) above?
Irrevocable Living Trust
A type of trust that cannot be modified or terminated without the consent of the beneficiary, typically used for estate planning to avoid probate and reduce taxes.
Legal Title
The formal right of ownership to property, recognized and protected by law.
Administer
To manage or direct the execution of affairs, the application of substances, or the carrying out of certain actions.
Probate
The legal process of validating a will and distributing a deceased person's assets under supervision.
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