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What does the idea of collective security assume?
Legal Capacity
The ability of an individual or entity to enter into binding contracts, sue, and be sued, recognized by law.
Specific Property
Refers to a distinct, identifiable piece of property, as opposed to a general right or interest.
Settlor
A person who creates a trust by providing the initial trust property and setting the terms of the trust.
Federal Estate Tax
A tax levied by the federal government on the transfer of the taxable estate of a deceased person, whether transferred via will, according to state laws, or through an estate plan.
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