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Legal Glossary (I)
inheritance: Inheritance is the property heirs receive from a decedent's property. Inheritance is based...
inheritance rights: When you prepare a will, you need to be cognizant of different facts. One of the more sign...
inheritance tax: Inheritance tax is a tax that is levied on the property that is received by an individual ...
Intangible Personal Property: Intangible personal property is property that is owned by a person but has no literal, phy...
Inter Vivos Gift : An inter vivos gift is a gift that is made while one is living rather waiting until after ...
Inter Vivos Trust: An inter vivos trust is also known as a living trust and is set up during one's lifetime, ...
Inter Vivos Trust (Living) : An inter vitros trust or living is a trust set up by the person who is the owner of and h...
Intestate: Intestate is the term used to describe a person who dies without a will and the state in w...
Intestate Succession: Intestate succession is the order in which property is distributed among living relatives ...
Irrevocable Gift: An irrevocable gift or irrevocable gift trust is a trust that once arranged cannot be chan...
irrevocable trust: A irrevocable trust is a permanent trust. Once it is created and in operation, it cannot ...
irs policy on gifts: The Internal Revenue Service (IRS) has a specific policy regarding the handling and taxing...
Issue: Issue, in estate planning terms, is the word used to describe a person's children or grand...