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Glossary of Legal Terms used with Estate Planning


Glossary of Estate Planning Terms - American Bar Association

Estate tax – A tax imposed on a decedent's transfer of property at death. An estate tax is to be contrasted with an inheritance tax imposed by certain states on ...

Glossary of Estate Planning Terminology - FreeWill

Beneficiary (or Devisee or Heir or Inheritor or Recipient). A person who receives something from a will, trust, or other legal contract, such as a life ...

A Glossary of Estate Planning Terms

Death Taxes: Taxes due by reason of death of an individual. Decedent: A deceased person. Deed: A legal instrument used to transfer title to real property in the ...

15 Estate planning Terms to Add to Your Vocabulary - John Hancock

1. Beneficiary · 2. Codicil · 3. Decedent · 4. Durable power of attorney (POA) · 5. Healthcare directive · 6. Intestate · 7. Irrevocable and revocable · 8. Joint ...

Glossary of Legal Terms used with Estate Planning

Glossary of Legal Terms used with Estate Planning. Office Locations: 2961 Centerville Road, Suite #350 Wilmington, DE 19808 302-651-0113 Mon-Fri: 8:30am - 5pm

Estate Planning Glossary | Understanding Estate Law Terminology

Grantor. The person who creates or contributes property to a Trust. This word may be used interchangeably with a Settlor and Trustor ; Guardian. A person or ...

Look It Up: A Glossary Of Key Estate Planning Terms

Estate planning has a language all its own. While you may be familiar with common terms such as a will, a trust or an executor, ...

Glossary of Estate-Planning Terms

Glossary of Estate-Planning Terms ; Administrator, Guardian, Probate ; Advance Directive, Healthcare Advance Directive, Revocable Living Trust ; Durable Power-of- ...

Glossary - Vanilla's estate planning software

a b c d e f g h i J L m p Q r s t u w · a. AB Trust. An AB Trust is an estate planning tool often used by married couples to minimize estate taxes. · b.

Glossary of Estate Planning Terms - Farmers' Legal Action Group

Gift deed. (Also called “deed of gift” or “gift conveyance.”) A mechanism used to give property during the giver's life to another person ...

Glossary of Estate Planning Legal Terms - Klenk Law

Asset Protection: In estate planning, asset protection refers to many varied techniques used to shelter assets from creditors, divorce and taxes. Asset ...

Estate Planning Terminology You Should Know - Welch Law LLC

Estate Planning Terminology: Wills, Trusts, Power of Attorney, Beneficiary, Guardian, Transfer on Death, Payment on Death, Trustee, Probate, Avoiding Probate.

58 Words Commonly Used in Estate Planning & Estate Administration

In this post, I provide a list and explanation of 58 commonly used terms in estate planning and estate administration.

Estate Planning Law Terms and Legal Definitions - Trust & Will

Beneficiaries are named in various estate planning documents, such as Trusts, Wills, or any other legal documents where assets will be passed upon your death.

Estate Planning Terms Glossary - Filippi Law Firm

Estate Plan: A comprehensive set of legal documents and strategies that outline how a person's assets and property will be managed and distributed after their ...

Glossary of Estate Planning Terms - Willful

A trust is often used to hold inheritances for minor children until they reach the age of majority. Trustee: A trusted individual appointed in your will who ...

Estate Planning Law Glossary

Estate Planning Law Glossary: Learn essential terms to give you a better understanding of your legal needs. Heir, Probate, Codicil, Executor, ...

Estate Planning Glossary

A definite plan for the administration and disposition of one's property during one's lifetime and at one's death; usually set forth in a Will and one or more ...

Estate Planning Glossary | SSB LLC | Dedham, MA lawyers

Wills – In general terms, a Will is a legal document that controls the distribution of probate assets after death. A Will is also the document in which the ...

Estate Planning Glossary - Useful Legal Terms

Inherit '“ To receive property by intestate succession. Intangible Personal Property '“ Personal property that is not in itself valuable, but derives its value ...