Definitions of Common Terms in Wills
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
Your will records your wishes about your property: how it should be passed on, divided, or maintained. Here are some terms you need to know as ...
Common Terms in Wills and Trusts | Nolo
Common Terms in Wills and Trusts · Beneficiary. Someone named in a legal document to inherit money or other property. · Bequeath. To leave property at one's death ...
WILLS - GLOSSARY OF TERMS BENEFICIARY - A person named ...
LETTERS TESTAMENTARY The order issued by the Register of Wills to the executor named in the Will of the decedent to allow the executor to administer the estate.
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
Common Will Terms - LegalMatch
Common legal terms associated with wills are explained here. They are will, codicil, testator, holographic, executor, intestate, beneficiary, estate, probate, ...
Legal Terms related to Wills and Trusts, Estates and Probate
Glossary of legal terms related to Wills and Trusts, Estates and Probate. ... The most common ascertainable standard is a “HEMS” Trust for health, education ...
Wills & Estates Terminology | PLEA
It is important to understand what these words mean if you are dealing with the death of a family member or friend. Administrator - A person appointed by the ...
Glossary of Estate Planning Terms - American Bar Association
Estate planning – A process by which an individual designs a strategy and executes a will, trust agreement, or other documents to provide for the administration ...
In most states a statute will specify which relatives receive intestate shares and in what amount. Issue: All persons who have descended from a common ancestor ...
Terms in a will: making sense of the words - Net Lawman
The person who makes the will is a testator. The person who carries out the testator's wishes is an executor. A person to whom a gift is left is a beneficiary.
Common Disaster Clause: A statement in a will telling how property is to be distributed if would-be devisees die from the same accident. Conservator: A person ...
Wills Glossary. Legal Terms Used In Wills Explained
An addition or change made to a Will. The codicil has to be signed and witnessed in the same way as a Will. Common Law Marriage. Contrary to popular belief, ...
Common Terms Used in Wills and Trusts - Webb Law Group
This means the deceased person failed to establish a legal last will and testament during his or her lifetime. In such a scenario, the heir ...
Glossary of Estate Planning Terms - Willful
Last will and testament: A legal document that outlines how you wish to distribute your assets such as property (real or personal), money, or care of minor ...
Glossary of Common Probate Terms - Placer County Superior Court
Glossary of Common Probate Terms. Disclaimer: The intent of this glossary is ... of wills only receive their benefits after the will is examined and ...
Glossary: Wills, Trusts, & Estate Planning | AllLaw
An addition to a will, adding to or changing the terms of the will. Community Property. A system of laws used in nine states (Arizona, California, Idaho, ...
Definitions of Common Terms in Wills - Rania Combs Law, PLLC
Many people outside the legal community don't understand what we're talking about. Below are some words lawyers use when talking about Wills, defined in plain ...
Wills and probate glossary of terms - The Gazette
Grant of Probate often refers to the greater legal process of administering the Estate of a deceased person by resolving all claims and distributing the ...
Wills Terminology: Defining Commonly Used Legal Terms
A “Will”, sometimes known as a “Last Will and Testament”, is a document that expresses an individual's wishes with respect to property and dependents, should ...