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A life interest [1] (or life rent in Scotland) is a form of right, usually under a trust, that lasts only for the lifetime of the person benefiting from that right. A person with a life interest is known as a life tenant. A life interest ends when the life tenant dies. An interest in possession trust is the most common example of a life ...
A life settlement or viatical settlement (from Latin viaticum, something received before death) [1] is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, [2] to a third party investor. [3] Such a sale provides the policy owner with a lump sum. [4]
Life insurance. No need to put this in a revocable trust. Simply name your beneficiaries within the policy. Or, create an irrevocable life insurance trust (ILIT) to avoid estate taxes.
HB 3074 is the first reform effort to garner universal support from advocacy groups with 4 joint authors and 81 co-authors in the House of Representatives. It was unopposed in the House and Senate and was signed into law by Governor Greg Abbott. It was the first reform to the Texas Advance Directives Act since 2003. [13]
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March 4, 2020 – present: COVID-19 pandemic in Texas. January 12, 2021: Legislature convened at noon . February 10, 2021 – February 27, 2021: 2021 Texas power crisis. [6] March 2, 2021: Greg Abbott announced the reopening of Texas businesses after nearly a year of various shutdowns and restrictions to quell the spread of COVID-19. [7]
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