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The Act which allows a named beneficiary to inherit securities (stocks or bonds) without needing probate. The statute allows the securities owner to register the stocks or bonds with a broker via a form which names the beneficiary who will receive the property after the death of the owner. … [Read more...] about UNIFORM TRANSFER-ON-DEATH SECURITY ACT

Income that is from sources other than employment, e.g. dividends, capital gain, passive investments. … [Read more...] about UNEARNED INCOME

An Act adopted by a majority of states providing for a way that property may be transferred to minors while having an adult manage the property until the child reaches the age of an adult. See also a custodian. … [Read more...] about UNIFORM TRANSFERS TO MINORS ACT

The federal and state governments created this program to provide financial benefits for a period of time after being laid off from work, typically 26 weeks but regulations change as tot he duration. The amount received by the unemployed person is based upon the amount of former pay and is considerably less than that salary. It is to help the unemployed person deal with the … [Read more...] about UNEMPLOYMENT INSURANCE (UI)

One who is intoxicated or is so affected by the effects of drinking alcohol that they are unable to use reasonable discretion and sound judgement. One whose mental and physical faculties are impaired by the effects of alcohol. … [Read more...] about UNDER THE INFLUENCE OF ALCOHOL