Elder law is an area of law that addresses the legal needs of elderly people, including retirement benefits, estate planning, health care, health management, and other issues. Elder law varies from state to state and in some jurisdictions,...
elder law
estate planning
Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death. An estate plan aims to preserve the maximum amount of wealth possible for the intended beneficiaries and flexibility for...
estate tax
Estate tax is the taxation of property held by an individual at the time of their death and is one of the oldest and most common forms of taxation. Such a tax can take the form, among others, of estate tax (a tax levied on the estate before...
estate tax threshold
The estate tax threshold is the same amount as the applicable exclusion amount which is the monetary limit on estates and gifts an individual can give in their lifetime without incurring estate and gift taxes. This threshold varies highly by...
estates and trusts
During the early 1500s in England, landowners found it advantageous to convey the legal title of their land to third parties while retaining the benefits of ownership. Because they were not the real "owners" of the land, and wealth was...
ethical will
An ethical will is a writing regarding a person’s history, wishes, beliefs, or other personal information which that person wishes to be given to certain individuals upon that person’s death. This will has no legal significance, but the...
euthanasia
As described in the concurring opinion of Myers v. Schneiderman, euthanasia refers to bringing about the death of a patient to prevent additional suffering. The concurring opinion in Meyers also distinguished euthanasia from physician-...
execute
Execute means (1) to carry out, perform, or complete as required, usually to fulfill an obligation, such as executing a contract or order; (2) to sign or complete all formalities necessary to make a contract or document effective, such as...
execution
Execution means (1) the act of carrying out, performing, or completing, as in the execution of an order or decree; (2) signing or completing all formalities necessary to make a contract or document effective, such as signing, stamping, or...
expenses of administration
Expenses of administration (also referred to as administration costs) are the required costs incurred by the administrator in carrying out the terms of an estate. These expenses can be deducted from the estate’s income, reducing tax liability...