Examlex
Examples of measures used in objectives include which of the following?
Testator
An individual who has made a will or testament to dictate the distribution of their assets after their death.
Testamentary Capacity
The legal and mental ability of an individual to make or alter a valid will, including understanding the nature of the document and the assets.
Prudent Person Rule
A legal principle requiring that a person in charge of others' assets manage those assets with the care, diligence, and judgment that a prudent person would under similar circumstances.
Uniform Principal and Income Act
A statutory framework adopted by some states to standardize how income and principal from trusts and estates are allocated.
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