Examlex
For Federal gift tax purposes, when a transfer is made to an irrevocable trust, the transfer is considered a gift to the beneficiaries of the trust and not to the trustee or the trust itself.
Blended Family
A family unit composed of a couple and their children from this and all previous relationships, combining elements from two or more families.
Boomerang Children
Young adults who return, after leaving home for some period, to live in the homes of their middle-aged parents.
Underemployment
Refers to a situation where individuals are working in jobs that do not fully utilize their skills, education, or availability, often resulting in part-time employment when full-time jobs are desired.
Gay or Lesbian
Terms that describe individuals who are emotionally, romantically, or sexually attracted to people of the same gender.
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