Generation Skipping Tax The Generation Skipping Tax (GST) is a tax that is levied against gratuitous transfers of property during life or at death that exceed the certain exemption limit and the transfer is to a person who is two or more generations below the grantor...
Intestate Succession Intestate succession or intestacy refers to the process a probate court goes through to administer the estate of a decedent who has died without executing a valid will. This occurs when an individual dies without writing a will or the will they have is...
Five Types of Probate Proceedings Probate is a formal legal process that serves as the first step in administering the estate of a decedent and giving proper recognition to the decedent’s will, by resolving all claims and distributing all property under the will. The probate court...