Understanding Estate Planning Terminology
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 ...
Glossary of Estate Planning Terminology - FreeWill
The court-supervised distribution of an estate during probate for a will. It can also be used to describe the process after the grantor of a trust passes away.
15 Estate planning Terms to Add to Your Vocabulary - John Hancock
Importance to estate planning: Understanding the difference between a revocable and an irrevocable document is key when deciding what type of plan you need.
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 ...
Estate Planning Glossary | Understanding Estate Law Terminology
Estate Planning Glossary ; Assets. Anything of value. Examples of assets include money, Real Property, mineral rights, jewelry, financial accounts, and Personal ...
Estate Planning Terminology You Should Know - Welch Law LLC
Estate Planning Terminology 101: · Avoiding Probate or Probate Avoidance: · Beneficiary: · Beneficiary Deed: · Beneficiary Designation: · Capacity: · Disability ...
Estate Planning Vocabulary 101 - Relational Estate & Elder Law
Most Common Estate Planning Vocabulary You Will Need to Understand · Advance Medical Directive: A legally binding document that allows you to select which types ...
Estate Planning: Fundamentals and Terminology - FindLaw
Any documents that might affect your estate plan (e.g., existing wills and trust documents, recent tax returns, real property deeds, prenuptial agreements, ...
Top 15 Estate Planning Terms to Know - Trust & Will
In Estate Planning, it's typically the owner of a Will, Trust, policy, plan or account. Importance to Estate Planning: Having a term like decedent is important ...
Glossary - Vanilla's estate planning software
To help you better understand what you're planning for, we created a dictionary of terms and definitions most commonly used by estate planning professionals.
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.
What Is Estate Planning? Definition, Meaning, and Key Components
Estate planning involves determining how an individual's assets will be preserved, managed, and distributed after death. It also takes into account the ...
Guide to Understanding Estate Planning Terms | BDS Law
To help you navigate the language associated with estate planning, here are some commonly used legal terms you should be familiar with.
Estate Planning Glossary | SSB LLC | Dedham, MA lawyers
Estate – In general, assets left by an individual at death. The probate estate consists of assets owned by the deceased in the deceased's name alone, without a ...
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, ...
Estate Planning Glossary | The Eleff Law Group
This legal document provides instructions for how a person's assets should be distributed among their heirs after they die. It also allows the person to name an ...
Estate Planning Terminology | Pacific Cascade Legal
Assets: Anything you own. This could include a home, property or other real estate, vehicles, jewelry, investments, life insurance, furniture, clothing, art, ...
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 ...
Estate Planning Law Glossary: Learn essential terms to give you a better understanding of your legal needs. Heir, Probate, Codicil, Executor, ...
Estate Planning Terminology From A to Z - Epilogue Wills
In the context of a trust, a beneficiary is someone that will receive assets from the trust. Commissioner for taking Affidavits: A person who is authorized by ...