(a)Incapacity A person is considered incapacitated in any of the following circumstances. (1)The Opinion of Two Licensed Physicians An individual is considered to be incapacitated whenever two licensed physicians give the opinion that the individual is unable to...
Unless otherwise specifically provided in this trust or by the context in which used, I use the word shall in this trust to impose a duty, command, direct, or require, and the word may to allow or permit, but not require. In the context of my Trustee, when I use the...
Lifetime Qualified Terminable Interest Property Trust A lifetime qualified terminable interest property (QTIP) trust is an irrevocable trust created by one spouse (who usually has more money and property) for the benefit of the beneficiary spouse. The spouse can...
