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In common law jurisdictions, a personal representative or legal personal representative is a person appointed by a court to administer the estate of another person. If the estate being administered is that of a deceased person, the personal representative is either an executor if the deceased person left a will or an administrator of an intestate estate. [1]
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Thus, the property that is subject to the power is includable in the power holder's estate for estate tax purposes. A general power of appointment is a key element of a type of marital deduction tax law as prescribed in Internal Revenue Code §2056(b)(5). It is a trust that qualifies for the marital deduction, provided that the surviving spouse ...
Humphrey's Executor v. United States, 295 U.S. 602 (1935), was a Supreme Court decision regarding the United States President's power to remove executive officials of a quasi-legislative or quasi-judicial administrative body for reasons other than what is allowed by Congress. The Court unanimously held that the President did not have this power.
The Final Report defined a federal agency as a governmental unit with "the power to determine ... private rights and obligations" by rulemaking or adjudication. [10] The report applied that definition to the largest units of the federal government, and identified "nine executive departments and eighteen independent agencies". [10]
A common area where executory contracts are found is US bankruptcy law, where obligations exist for both parties to a contract at the time of a bankruptcy petition.In cases such as this, both the debtor, or the side that is filing for bankruptcy, and counterparty, or the side contracting with the debtor, may have to make further performance.
Reserved powers, residual powers, or residuary powers are the powers that are neither prohibited to be exercised by an organ of government, nor given by law to any other organ of government. Such powers, as well as a general power of competence , nevertheless may exist because it is impractical to detail in legislation every act allowed to be ...
Sinéad O'Connor’s final wishes for her children have been revealed.. The singer, who died at age 56 in July 2023, is survived by three children. At the time of her death, O’Connor’s estate ...