wills

Individual Retirement Accounts (IRAs) are personal retirement savings accounts that offer tax benefits similar to those of employer-sponsored plans, like 401k plans.

The term “inherit” may refer to one of two common uses.  

Inheritance tax, also referred to as legacy or succession tax, is a type of state tax that must be paid by a beneficiary or heirs of property or assets from who receives property from the will of a

Inheritors are individuals who receive either part or all of an estate according to a testator’s will or according to familial descent laws which govern legal heirs

An inter vivos transfer is a transfer of property made during a person’s lifetime. It can be contrasted with a testamentary transfer, which is a transfer made in a will after death.

• trusts and estates

An inter vivos trust is a trust that is created during the lifetime of the settlor.  An inter vivos trust can be distinguished from a testamentary trust, which is a trust created in a will that begins upon the death of the testator.&n

Intestacy is the state of dying without a will. If a person dies without a will they are said to have “died intestate.” The estate of a person who has died intestate goes through probate court. The state’s intestacy rules will determine who will inherit the 

Intestacy Rules are rules for distributing property that belonged to someone who died intestate.  Intestacy rules usually take the form of sequential if-then statements that tell a probate court which heirs should be given priority in claiming the intestate decedent's property.

• trusts and estates

Intestate refers to when a person dies without a valid will. In these cases, the distribution of the deceased's property is governed by the laws of intestacy, which vary from state to state. The estate of a person who has died intestate goes through probate court.