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Today's Terms
Informed Consent
Definition:
An authorization to proceed by a person who has been given and understands all of the relevant facts.
Exemption Credit
Definition:
The amount of tax credit, similar in nature to the personal income tax exemption, applied to the transfer tax due at a person's death.
Devise
Definition:
A gift made by a will or a trust. A devise is made to a beneficiary under the terms of the will or trust.
More Estate Planning Terms >
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