2023-10-27T11:38:46+03:00[Europe/Moscow] en true <p>when two or more heirs or beneficiaries inherited an undivided property from a decedent, or when a donor makes a gift of an undivided property in favor of two or more donees.</p>, <p>Inheritance is subject to</p>, <p>Donation is subject to </p>, <p>tax on income received by the estate during the administration or settlement period.</p>, <p>refers to the period when title to the properties left by a decedent is not yet finally transferred to the heirs/beneficiaries.</p>, <p>is a right on property, real or personal, held by one party for the benefit of another.</p>, <p>allows individuals to create sustained benefits for an individual or entity</p>, <p>person who establishes a trust</p>, <p>one in whom confidence is reposed as regards property for the benefit of another person</p>, <p>any person or corporation that holds in trust an estate of another person or persons</p>, <p>person for whose benefit trust is created</p> flashcards
Co-Ownership review 1

Co-Ownership review 1

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  • when two or more heirs or beneficiaries inherited an undivided property from a decedent, or when a donor makes a gift of an undivided property in favor of two or more donees.

    Co-Ownership

  • Inheritance is subject to

    Estate Tax

  • Donation is subject to

    Donor's Tax

  • tax on income received by the estate during the administration or settlement period.

    income tax of an estate

  • refers to the period when title to the properties left by a decedent is not yet finally transferred to the heirs/beneficiaries.

    administration or settlement period

  • is a right on property, real or personal, held by one party for the benefit of another.

    trust

  • allows individuals to create sustained benefits for an individual or entity

    trust agreement

  • person who establishes a trust

    trustor

  • one in whom confidence is reposed as regards property for the benefit of another person

    trustee

  • any person or corporation that holds in trust an estate of another person or persons

    fiduciary

  • person for whose benefit trust is created

    beneficiary