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Will
A legal document that directs where a person's property should go after that person dies.
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.
Assets
All property owned by a person that can be used or made available to use in the payment of debts 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.
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.
Attorney-in-fact
This person receives the powers allocated in a power of attorney, such as a right to handle another person's financial matters.
Probate
The process of settling your estate after you die, including paying creditors and heirs, and validating a will (if there is one).
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.
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.
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