- Common Terms in Wills and Trusts🔍
- Glossary of Estate Planning Terminology🔍
- Common terms in wills and trusts🔍
- Glossary of Estate Planning Terms🔍
- Legal Terms related to Wills and Trusts🔍
- Glossary of Will terminology🔍
- 15 Estate planning Terms to Add to Your Vocabulary🔍
- A Glossary of Estate Planning Terms🔍
Common Terms in Wills and Trusts
Common Terms in Wills and Trusts | Nolo
Beneficiary: Someone named in a legal document to inherit money or other property. Wills, trusts, and insurance policies commonly name beneficiaries.
Glossary of Estate Planning Terminology - FreeWill
A person or organization named to receive a testator's assets if the primary beneficiary named in the testator's will or trust passes away before the testator.
Common terms in wills and trusts | LegalZoom
Here are some terms you need to know as you create your will. Testator: The testator is the person who is making the will and signing his or her name.
Glossary of Estate Planning Terms - American Bar Association
A-B trust planning – A common arrangement used in a will when a married testator has an estate with a value that exceeds his or her remaining estate tax ...
Legal Terms related to Wills and Trusts, Estates and Probate
A person, charity or trust with the right to receive money or property under a Will or a Trust or who is named the beneficiary of a life insurance policy, ...
Glossary of Will terminology - Autistica
Glossary of Will terminology · Life interest. The right to enjoy for life (or until a specified time period has elapsed or an event has occurred). · Living Wills
15 Estate planning Terms to Add to Your Vocabulary - John Hancock
... will, trust, policy, plan or account. Importance to estate planning: Having a term like decedent is important to be able to identify the most important ...
Custodial Account: A way to gifts of assets during life, bequests with a will, or distributions from a trust for the benefit of a child who is under 21. Death ...
Common Will Terms - LegalMatch
Common legal terms associated with wills are explained here. They are will, codicil, testator, holographic, executor, intestate, beneficiary, estate, probate, ...
according to the terms of a will or trust. Estate Planning: Arranging a person's property and estate, taking into account the law of wills, taxes, insurance,.
Top 15 Estate Planning Terms to Know - Trust & Will
Testator - A Testator is the person who is making and owns a Will. Importance to Estate Planning: As a Testator, you are the most important component of your ...
Common Estate Planning Terms in Wills and Trusts....
Common Estate Planning Terms in Wills and Trusts…. · Testator / Testatrix: The person creating the will. · Executor: The person or persons named ...
Glossary - Trust Terminology & Trust Terms | Learn More Today
Bequest, A gift of Personal Property, such as money, stock, bonds, or jewelry, owned by a decedent at the time of death which is directed by the provisions of ...
Common Terms in Estate Planning, Wills and Probate - CMRS Law
Beneficiary – An individual who receives benefits granted to him by another. Creditor – A person to whom a debt is owed. Decedent – A deceased person. Declarant ...
58 Words Commonly Used in Estate Planning & Estate Administration
Disinherit: The act of purposely excluding a person from receiving assets as a beneficiary under a Will or Trust. Typically, the person is a family member who ...
Estate Planning Law Terms and Legal Definitions - Trust & Will
A Beneficiary – also commonly referred to as an Inheritor, Recipient, Devisee, or Heir – is any person you name who'll receive assets or property from your ...
Common Estate Planning Terminology | Illinois Wills and Trusts ...
Will: a written document that specifies what is to be done with your estate at the time of your death.
9 Common Terms Used in Wills and Trusts - LegalShield
Writing a Will · Declaration. A Will starts with a section in which you identify yourself as well as your heirs. · Executor. You will need to ...
Glossary of Estate Planning Terms | Adler Pollock & Sheehan P.C.
Estate planning has a language of its own. While you may be familiar with common terms such as a will, a trust or an executor, ...
Glossary of Estate Planning Terms - Willful
Testamentary trust: An arrangement that assigns a trustee to hold assets upon specific conditions that are outlined in a last will and testament on behalf of a ...