Rest in Planning
This legal document allows someone to make healthcare decisions on your behalf if you're incapacitated.
What is a healthcare power of attorney?
This person is responsible for managing the trust and carrying out its terms.
What is a trustee?
This is what LLC stands for.
Limited Liability Company
It’s the courtroom at the top of the legal food chain in the United States.
What is the Supreme Court?
This country is home to the city with the longest name in the world, featuring over 85 letters.
What is New Zealand? (City: Taumatawhakatangihangakoauauotamateaturipukakapikimaungahoronukupokaiwhenuakitanatahu)
This type of trust takes effect while the grantor is still alive.
What is a living trust?
This type of trust becomes irrevocable upon the grantor’s death.
What is a revocable living trust?
The business structure that protects owners from personal liability and combines pass-through taxation.
What is an LLC?
The Miranda warning protects this constitutional right.
What is the right against self-incrimination (or the Fifth Amendment)?
This popular condiment was once classified as a vegetable by the U.S. government for school lunches.
What are ketchup packets? OR What is ketchup?
The legal term for dying without a will.
What is intestate?
This legal term refers to someone who receives money or property from a trust.
What is a beneficiary?
These are the formal rules and procedures for a corporation.
What are bylaws?
This type of legal order requires someone to appear in court or produce documents.
What is a subpoena?
This is the only letter not used in any U.S. state name.
What is Q?
The person named in a will to carry out its instructions.
What is an executor?
This tax form must be filed annually by most trusts.
What is Form 1041?
The type of partnership where one partner has unlimited liability and the other has limited liability.
What is a limited partnership?
This type of judge doesn’t wear a robe but settles disputes like who gets the last lawn chair in divorce court.
What is a family court judge? OR What is a mediator?
This country is known for producing Malbec wine and tango dancing.
What is Argentina?
A type of deed often used in estate planning to avoid probate by transferring property upon death.
What is a transfer-on-death deed?
When a trustee fails to act in the best interest of the beneficiaries, they may be sued for breaching this key legal responsibility.
What is fiduciary duty?
This legal term describes when a court disregards the corporate entity to hold owners personally liable.
What is piercing the corporate veil?
This U.S. constitutional amendment ended Prohibition in 1933.
What is the 21st Amendment?
This U.S. president had a pet alligator that he kept in the White House.
Who is John Quincy Adams?