The Uniform Probate Code (UPC) was first adopted in Pennsylvania in 1972.

The Internal Revenue Code (IRC) governs the taxation of estates and gifts in the United States.

The current federal estate tax exemption amount is $12.06 million for individuals and $24.12 million for married couples.

Oregon has the highest inheritance tax rate in the United States, with a top rate of 16%.

A revocable living trust can be used to avoid probate, reduce estate taxes, and provide for the management of assets during incapacity.

A revocable living trust allows the grantor to retain control over the assets during their lifetime and can be amended or revoked at any time.

A will takes effect after death, while a trust takes effect during life. A will can be changed at any time, while a trust cannot. A will is public record, while a trust is private.

The Internal Revenue Code (IRC) allows spouses to transfer an unlimited amount of assets between each other without incurring gift tax.

The purpose of a generation-skipping transfer tax (GSTT) is to prevent the accumulation of wealth in a single family over multiple generations.

Delaware has the lowest estate tax rate in the United States, with a top rate of 0%.

A durable power of attorney for finances allows someone to make financial decisions on your behalf if you become incapacitated, manage your investments, and sell your property.

A special needs trust is commonly used to provide for the care of a person with special needs.

A charitable trust can be used to provide financial support to a charitable organization, reduce estate taxes, and avoid probate.

The Internal Revenue Code (IRC) allows individuals to make tax-free gifts of up to $15,000 per year to any number of recipients.