Wills and Trusts
Will that says the beneficiary of an estate is a trust
What is Pour over Will
A person who will inherit from a life insurance policy
Beneficiary
What is the name of the series about a wizard who must defeat the dark lord?
What is Harry Potter?
Color you get when you mix blue and red
The form used to report an individuals income tax
What is 1040?
Type of Trust that cannot be changed
What is irrevocable Trust?
Legal Term of Art that means equally to the living heirs or literally "by branch"
What is Per stirpes?
What is Spongebob Squarepants?
New name of tallest building in Chicago
What is Willis Tower?
The form used to report an individual's gifts made throughout the year (over the annual exclusion)
What is Form 709?
The formal name of the person who creates a trust
What is Grantor?
A person who will inherit from an estate
The name of this series made Meghan Markle famous
What is suits?
The name of the current Chicago Mayor
What is Brandon Johnson?
What is 1041?
A professional in estate planning who has authority to make some amendments to an irrevocable trust
What is Trust Protector
The formal name of a person or group of people who will inherit from a trust and are typically the grandchild of the Grantor
What is Descendant or Descendants?
What TV personality had a talkshow in Chicago that ran for 25 years with a studio named after herself
What is Oprah Winfrey?
Park named after a Chicago Mayor's wife
What is Maggie Daley Park?
The form used to report an individual's assets at death
What is form 706?
Type of Trust where a person transfers their ownership interest in their insurance policies
What is ILIT?
Term that means a person passed away with no Will
What is intestate?
What is 1939?
Why is Chicago called the Windy City
What is the weather OR what is history
The amount that you can currently gift to an individual without needing a gift tax return and the amount that is currently excluded for estate and gift tax purposes
What is $19,000? What is 13,990,000?