Examlex
List at least three non-tax reasons that you might suggest to your client Connie that she should consider shifting some income and assets to a trust.
Assignment
The passing of obligations, rights, or property from one individual to another.
Adjudicated Incompetent
A legal status determined by a court, indicating that an individual lacks the capacity to manage their own affairs due to mental or physical impairment.
Capacity
Refers to the legal ability of a person to enter into binding contracts.
Judicial Lien
A judicial lien is a lien obtained by a creditor through court action, usually after winning a judgment against the debtor, granting the creditor a legal claim on the debtor's property as security for the debt.
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