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The American College of Trust and Estate Counsel (ACTEC) was established in 1949. It is a professional organization of lawyers , fiduciary counsel and law professors , peer-elected to membership by demonstrating the highest level of integrity, commitment to the profession, expertise, and experience as trust and estate counselors.
The designation TEP after a member's name is the only widely recognised mark for professionals in the trust and estate administration industry. [ 3 ] [ 4 ] All STEP members are subject to a Code of Professional Conduct requiring them at all times to act with integrity and in a manner that inspires the confidence, respect and trust of their ...
Accumulation and maintenance trust; Acts of independent significance; Ademption; Ademption by satisfaction; Administration (probate law) Administrator of an estate; Affiliation (family law) Ancillary administration; Anti-alienation clause; Asbestos bankruptcy trusts; Asbestos trust; Asset-protection trust; Attestation clause; Australian trust law
Estate planning may involve a will, trusts, beneficiary designations, powers of appointment, property ownership (for example, joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gifts, and powers of attorney (specifically a durable financial power of attorney and a durable medical power of attorney).
This is a good starting point for finding attorneys who operate locally and likely have knowledge of the local laws and statutes you will likely have to navigate during a bankruptcy case. 4. Get ...
The term "grantor trust" also has a special meaning in tax law. A grantor trust is defined under the Internal Revenue Code as one in which the federal income tax consequences of the trust's investment activities are entirely the responsibility of the grantor or another individual who has unfettered power to take out all the assets. [20]
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