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  2. Administrator of an estate - Wikipedia

    en.wikipedia.org/wiki/Administrator_of_an_estate

    The administrator of an estate is a legal term referring to a person appointed by a court to administer the estate of a deceased person who left no will. [1] Where a person dies intestate, i.e., without a will, the court may appoint a person to settle their debts, pay any necessary taxes and funeral expenses, and distribute the remainder according to the procedure set down by law.

  3. Will and testament - Wikipedia

    en.wikipedia.org/wiki/Will_and_testament

    Devise – testamentary gift of real property. Devisee – beneficiary of real property under a will. Distribution – succession to personal property. Executor/executrix or personal representative [PR] – person named to administer the estate, generally subject to the supervision of the probate court, in accordance with the testator's wishes ...

  4. Trust (law) - Wikipedia

    en.wikipedia.org/wiki/Trust_(law)

    Negative aspects of using a living trust as opposed to a will and probate include upfront legal expenses, the expense of trust administration, and a lack of certain safeguards. The cost of the trust may be 1% of the estate per year versus the one-time probate cost of 1 to 4% for probate, which applies whether or not there is a drafted will ...

  5. Executor Fees: What You Can Expect to Pay - AOL

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  6. 'It's our money': How Kentucky lawmakers decided where to ...

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  7. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    It is not unusual for an individual to serve as trustee alongside a bank trustee. Both individual and corporate trustees may charge fees for their services, [33] although individual trustees typically serve gratis when they are part of the settlor's family or the settlor him/herself. The term "co-trustee" may fool either the bank trust officer ...

  8. Testamentary trust - Wikipedia

    en.wikipedia.org/wiki/Testamentary_trust

    A testamentary trust provides a way for assets devolving to minor children to be protected until the children are capable of fending for themselves; [3] A testamentary trust has low upfront costs, usually only the cost of preparing the will in such a way as to address the trust, and the fees involved in dealing with the judicial system during probate.

  9. White Christmas Forecast 2024: Here's Where The Best ... - AOL

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    Last year, just 17.6% of the Lower 48 experienced a white Christmas. This was the lowest percentage since records began in 2003.Outside of the West's higher elevations, there was an area of snow ...

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