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If any beneficiary does not survive the Settlor for a period of 30 days then the Trustee shall distribute that beneficiary’s share to the surviving beneficiaries by right of representation. 1 Benefactor Somebody who gives a gift, often money to a charity. Beneficiary One that receives a benefit...
The UTMA is similar to the original version of theUniform Gifts to Minors Act (UGMA). It allows minors to receive gifts and avoid tax consequences until they become of legal age in the state in which they live—typically 18 or 21 years of age. The UTMA incorporates the language of the ...
So, the commitment to developing accurate definitions for technical terms and delineating their scope is deeply rooted in a centuries-old tradition in Islamic scholarship (Mitwallī 2018). Specifically, in the context of religious rulings derived from scriptural sources, authoritative works in the ...
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