Examlex
Identify the following rhythm (lead II): ____________________
Ambulatory
In legal terms, ambulatory refers to something that is changeable or revocable until it becomes effective, often used in the context of wills and trusts.
Income Beneficiary
An individual or entity entitled to receive income generated from a trust, estate, or other financial instrument.
Trust
A legal arrangement where one party holds property on behalf of another party, often used for managing assets, estate planning, and in charitable giving.
Personal Representative
An individual appointed to manage the estate of a deceased person during probate, sometimes known as an executor.
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