What are the legal and administrative requirements for establishing an endowment fund through a will or codicil?
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what is a codicil Informational
- What are the fiduciary responsibilities related to investment management? Can a codicil be used to express gratitude or acknowledge the contributions of specific individuals or organizations?
- How do laws regarding marriage and divorce vary in their impact on codicils?
- Could a challenge to a codicil trigger a "no contest" clause in the original will?
- What are the benefits and limitations of spendthrift trusts? How does a codicil interact with beneficiary designations in non-probate assets (e.g., life insurance, retirement accounts)?
- What evidence might suggest undue influence in the execution of a codicil? Can a codicil be challenged on the grounds of lack of testamentary capacity?
- What are the legal considerations for providing for a non-marital partner in estate planning? How does a codicil address the issue of the testator's online accounts and digital legacy?
- What are the tax benefits and limitations of QTIP trusts? How does a codicil address the issue of blended families and the treatment of stepchildren or adopted children?
- What are the legal considerations when establishing different beneficiary classes?
- Is a will or a separate guardianship/conservatorship proceeding the primary way to establish such appointments?
- What are some common estate tax planning strategies that can be implemented through a will or codicil? Can a codicil be used to make anatomical gifts or organ donations?
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