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Decedent |
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An individual who has died. The term literally means "one who is dying," but it is commonly used in the law to denote one who has died, particularly someone who has recently passed away. A decedent's estate is the real and Personal Property that an individual owns upon his or her death. decedent n. the person who has died, sometimes referred to as the "deceased." DECEDENT. In the acts of descent and distribution in Pennsylvania, this word is frequently used for a deceased person, testate or intestate. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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11 (10/24/06), the Tax Court held that the exercise of a testamentary general power of appointment (GPA) by a decedent in favor of her grandchildren was subject to generation-skipping transfer tax (GSTT). However, the beneficiary can deduct the amount of taxes the decedents estate pays on the IRD. Instead, the decedent is treated as the owner of the assets transferred or contributed to an FLP. |
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