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Estate Planning Terminology 1

AB
AdministratorPersonal representative appointed by the court
PRPersonal representative of decedent to settle affairs
ExecutorPerson appointed by a testator to serve as personal representative
Intestacy LawsState statutes that decree hwo property will be distributed for people without a will
IntestateDying without a will
ProbateProving and validating a will
TestateDying with a will
TestatorPerson who makes a valid will
WillDeclaration of how a person wants his or her property distributed after death
TestatrixFemale person who makes a valid will
DecedentPerson who is deceased
IssueA child or descendant of a person
HeirPerson named in will who will receive property
LegateePerson who inherits personal property
DeviseePerson who inherits real property
GuardianPerson designated by will or court to mangage or care for minors or disabled persons
FiduciaryPerson or institution who manages money or property of another
DescendantIssue or offspring of a deceased person
TrustProperty transfer arrangement

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