| A | B |
|---|
| A document used by an individual to authorize someone else to act on their behalf. | POA/DPOA |
| A legal agreement by which a party called a Grantor/Settlor establishes a separate legal entity to hold, manage and distribute property according to the terms set in this document. | Trust |
| A person appointed by the Social Security Administration to accept payments and manage social security funds on someone’s behalf. | Representative Payee |
| When a person is declared incapacitated and the court appoints a fiduciary to act on their behalf. The fiduciary is obligated to act in the best interest of the incapacitated person (also known as the “Ward”) | Guardianship |
| A social group of friends or like-minded people who have come together for enjoyment. This is not a business. | Club |
| An account established after a person has passed away to distribute assets of the deceased. | Estate Account |
| A specific account for those who would like to qualify for Medicaid, but do not qualify due to excessive income. | Qualified Income Trust |
| When a person is designated by the Veteran's Administration and are responsible for managing the beneficiary‘s VA income. | VA fiduciary |
