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Decedent
A person who is deceased.
Jointly held bank account
A bank account that is held by two or more people each of whom has a right of survivorship.
Will
A legal document that directs where a person's property should go after that person dies.
Joint tenancy
A property held in joint tenancy is owned by two or more people who have an undivided interest in the property, and the interest continues even after the other owners die.
Property
The money a person has and the things a person owns.
Living Trust
A living trust is an estate planning device that allows a person to transfer assets to one or more persons before and after they die.
Guardian
A person or entity who is appointed by the court to exercise many powers for the care of an incapacitated person, the person's estate, or both.
Beneficiary
A person designated to receive the income or principal of a trust estate.
Personal representative
The person responsible for the administration of an estate. This includes paying creditors and heirs.
Conservator
A person or entity who is appointed by the court to exercise certain powers for the care of an incapacitated person, the person's estate, or both.
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