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Beneficiary
A person designated to receive the income or principal of a trust estate.
Payable on death account (POD)
An account, such as a bank account, that is handed over to a specified person upon another person's death.
Assets
All property owned by a person that can be used or made available to use in the payment of debts and heirs.
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.
Probate
The process of settling your estate after you die, including paying creditors and heirs, and validating a will (if there is one).
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.
Health care directive
A legal document that lets others know one's wishes regarding medical care and treatment, funeral arrangements, organ donation, and other health care concerns.
Decedent
A person who is deceased.
Heir
Those persons, including a spouse who are entitled to the property of a decedent when the decedent has left no valid will.
Codicil
An amendment to a will. It is a separate document.
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