Examlex
The Southern Company is the largest provider of utilities in the southeastern United States.It has also been accused of being the biggest source of industrial air pollution in the area.Southern is trying to change consumers' perceptions of the company by sponsoring a series of television programs on how to preserve our environment.The Southern Company is hoping the programming will lead to:
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.
Uniform Probate Code
A set of laws designed to simplify the probate process and standardize the distribution of an individual's estate across the United States.
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