Examlex
Which statement best sums up the use of honesty/integrity tests?
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.
State Inheritance Tax
A tax imposed by some states on individuals who inherit property or money from someone who has died.
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