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A field biologist finds what might be a new species of prokaryote in sewage sludge. It is an obligate anaerobe that metabolizes organic acids and requires hydrogen gas. It lacks a peptidoglycan cell wall. The new find may be a
Probate Laws
The body of law that governs the process through which a deceased person’s estate is properly distributed to heirs and designated beneficiaries, and any debt owed to creditors is paid off.
Executor
An individual appointed to administer the estate of a deceased person, managing the distribution of assets according to the will.
Minor's Section 2503(c) Trust
A trust set up for the benefit of a minor according to Section 2503(c) of the Internal Revenue Code, allowing gifts to be made to the trust without incurring gift taxes.
Qualified Terminable Interest Property Trust
A type of trust that allows an individual to transfer assets to a surviving spouse tax-free upon their death, while controlling the distribution of the estate after the spouse's death.
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