Examlex
Which of the following statements concerning Rocky Mountain spotted fever is correct?
Estate Tax
Estate Tax is a tax levied on the net value of the estate of a deceased person before it is distributed to the heirs, applied in certain jurisdictions.
Trust Fund
A trust fund is a legal arrangement in which assets are held by a trustee for the benefit of another party, often used for estate planning or to manage assets for individuals or charities.
Demonstrative Legacy
A bequest in a will that specifies a particular asset or monetary source to fund the gift.
Probate
The legal process of administering a deceased person's estate, including the resolution of any claims and the distribution of assets under a will.
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