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Glossary

 
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Glossaries

Term Definition
generation skipping transfer tax
Taxes on top of the Estate Tax (but subject to the same exemption) for any transfers directly to grandchildren or some other more-distant generation than one's own children.
Goodwill
The intangible asset that defines a businesses reputation in the community and the strength of its name as an indicator of repeat business.
guardianship
A process by which a non-parent is granted authority over a minor child, sometimes by operation of a will or trust.