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ACCOUNT |
SPELLS OUT WHAT FIDUCIARY RECEIVED, DISBURSED, AND HAS LEFT ON HAND. WHAT WAS DONE WITH ASSETS AND MONEY. |
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ADMINISTRATION |
TAKING POSSESSION OF ASSETS, PAYING BILLS, COLLECTING INCOME, ACCOUNTING FOR SAME ALL AFTER APPOINTMENT OF GUARDIAN, CONSERVATOR, PERSONAL REPRESENTATIVE OR TRUSTEE |
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ADMINISTRATOR |
A PERSON WHO MANAGES AND DISTRIBUTES A PROBATE ESTATE WHERE DECEASED LEFT NO WILL |
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ATTORNEY |
THE ONE THAT KNOWS THE LAW, FILLS OUT THE PAPERS, AND HOW TO GET YOU THROUGH THE PROBATE OR ESTATE PLAN |
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ATTORNEY |
ONE WHO IS PUT IN STEAD OF ANOTHER. |
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ATTORNEY AT LAW |
A PERSON WHO IS AN ADVOCATE OR COUNSEL EMPLOYED IN TRYING CASES IN THE COURT |
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ATTORNEY IN FACT |
A PERSON WHO EXERCISES POWER OR AUTHORITY IN ACTING ON BEHALF OF ANOTHER |
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BAR |
THE RAIL SEPARATING THEPUBLIC FROM THE JUDGE AND ATTORNEYS AND JURY INVOLVED IN THE TRIAL |
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BENCH |
THE JUDGES SEAT |
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BENEFICIARY |
PERSON WHO GETS THE INCOME OR PRINCIPAL FROM THE TRUST |
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BILL OF SALE |
TRANSFERS TITLE TO MOST PERSONAL PROPERTY |
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BOND |
INSURANCE TO REPLACE THE VALUE OF THE ESTATE IF THE CONSERVATOR OR PERSONAL REPRESENTATIVE ABSCONDS WITH THE ESTATE |
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BREACH OF FIDUCIARY DUTY |
FAILURE TO ACT IN A MANNER OF CARE THAT PERSONS OF ORDINARY JUDGMENT AND INTELLIGENCE WOULD ACT IN THE MANAGEMENT OF THE AFFAIRS OF SOMEONE ELSE. |
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CERTIFICATE OF TITLE |
STATEMENT OF OWNERSHIP OF AN ASSET USUALLY ISSUED BY A GOVERNMENTAL AGENCY |
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CITATION |
COURT COMPELLING YOU TO APPEAR AND ANSWER QUESTIONS |
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CLAIMANT |
A PERSON THAT SAYS THE DISABLED OR DECEASED PERSON OWES HIM SOMETHING |
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CONSENT |
SAYS YOU WISH TO MAKE NO OBJECTION TO THAT WHICH IS CONSENTED TO |
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CONSERVATOR |
COURT APPOINTED PERSON TO MANAGE DISABLED PERSONS MONEY OR PROBATE ASSETS |
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COUNSELOR |
AN OLDER ATTORNEY OR ADVISOR THAT TRIES THE CASE. (ATTORNEY AS YOUNGER MEMBER OF THE BAR) |
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DEATH TAX |
AN ESTATE TAX OR INHERITANCE TAX |
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DECREE OF DISTRIBUTION |
THE COURT’S WAY OF TRANSFERRING TITLE TO THE DEVISEE OR HEIR |
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DEED |
TRANSFERS TITLE TO REAL PROPERTY(LAND AND BUILDINGS) |
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DEVISEE |
A PERSON NAMED TO RECEIVE SOMETHING FROM DECEDENT’S PROBATE ESTATE (IN DAYS GONE BY A DEVISEE RECEIVED REAL ESTATE AND A LEGATEE RECEIVED CASH OR PERSONAL PROPERTY) |
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DOCUMENT |
A WRITING WITH LETTERS, FIGURES, PHOTOGRAPHS OR MARKS WHICH MAY BE USED FOR EVIDENCE TO PROVE A FACT |
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DRAFTSMAN |
A PERSON THAT COMPOSES A LEGAL DOCUMENT LIKE A WILL |
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DUTY |
A RIGHT IN ONE PERSON WHICH CAUSES A CORRESPONDING RESPONSIBILITY OR DUTY TO ACT (OR REFRAIN FROM ACTING) IN ANOTHER PERSON. |
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ESTATE |
ALL OF A PERSON’S MATERIAL POSSESSIONS AND CLAIMS AGAINST OTHERS. |
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ESTATE PLAN |
WHO AND HOW MONEY AND ASSETS ARE TO BE MANAGED WHILE DISABLED AND HOW AND WHO GETS ASSETS AFTER DEATH. |
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ESTATE TAX |
TAX ON THE DECEDENT’S RIGHT TO LEAVE HIS PROPERTY TO WHOM HE WANTS |
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FIDUCIARY |
GENERICALLY, AN EXECUTOR, ADMINISTRATOR, PERSONAL REPRESENTATIVE, CONSERVATOR, GUARDIAN, TRUSTEE, ATTORNEY IN FACT |
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FIDUCIARY RETURN |
INCOME TAX RETURN FILED BY FIDUCIARY FOR A PROBATE ESTATE OR TRUST |
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GRANTEE |
A PERSON WHO RECEIVES A POWER TO ACT OR AN INTEREST IN REAL ESTATE FROM ANOTHER |
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GRANTOR |
A PERSON WHO TRANSFERS AN INTEREST IN REAL ESTATE OR A POWER TO ACT TO ANOTHER |
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GUARDIAN |
COURT APPOINTED PERSON TO MANAGE DISABLED PERSONS HEALTH CARE, PLACE OF RESIDENCE OTHER PERSONAL ASPECTS OF LIFE. NOT MONEY OR ASSETS |
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HEIR |
PERSONS NEAREST TO DECEASED RELATED BY BLOOD OR ADOPTION |
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INDEPENDENT TRUSTEE |
TRUSTEE THAT MAKES PAYMENTS OF DISCRETIONARY INCOME AND PRINCIPAL (TAX DRIVEN) |
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INHERITANCE TAX |
TAX ON THE DEVISEES OR BENEFICIARIES RIGHT TO RECEIVE AN INHERITANCE |
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INSTRUMENT |
A FORMAL OR LEGAL DOCUMENT SUCH AS A WILL, DEED OR CONTRACT. FORMAL EXPRESSION TO A LEGAL ACT OR AGREEMENT TO CREATE OR TERMINATE A RIGHT |
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INTERESTED PARTY |
A PERSON HAVING A CLAIM AGAINST DECEASED, A RIGHT TO INHERIT, OR NAMED IN WILL AS A DEVISEE |
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LAPSE |
TIME’S UP. A TERMINATION OF A RIGHT, DUE TO NEGLECTING TO EXERCISE IT WITHIN A PRESCRIBED TIME |
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LAUGHING HEIR |
PERSON RECEIVING SOMETHING FROM DECEDENT’S PROBATE ESTATE USUALLY WHEN THE DECEASED LEFT NO WILL AND NO CLOSELY RELATED HEIRS |
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LAWYER |
A PERSON LEARNED IN THE LAW, A PERSON LICENSED TO PRACTICE LAW |
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NOTICE |
A WRITING DESCRIBING THE CONTENTS OF A PETITION AND GIVING THE DATE AND TIME OF HEARING SO THAT YOU MAY APPEAR TO ENFORCE YOUR RIGHTS IF ANY |
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ORDER |
THE COURT’S DECISION ABOUT A PETITION |
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PERSONAL REPRESENTATIVE |
WHAT AN EXECUTOR OR ADMINISTRATOR BECOMES FOLLOWING COURT AUTHORIZATION |
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PETITION |
ASKS THE COURT TO DO SOMETHING REGARDING A WILL OR TRUST |
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POUR OVER WILL |
A SPECIAL WILL USED WHEN THE MAIN ESTATE PLAN IS ACCOMPLISHED THROUGH USE OF A TRUST. ALL PROBATE PROPERTY WILL THEN PASS INTO THE TRUST. |
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POWER OF ATTORNEY |
GIVES ATTORNEY IN FACT CERTAIN AUTHORITY OR POWER TO DO WHAT ONLY YOU PERSONALLY COULD OTHERWISE DO |
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PRINCIPAL |
A PERSON WHO GIVES CERTAIN POWER AND AUTHORITY TO ANOTHER TO ACT FOR HIM |
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PROBATE |
A COURT PROCEEDING TO APPOINT A GUARDIAN OR CONSERVATOR OF A MINOR OR DISABLED PERSON, |
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PROBATE ESTATE |
ALL OF A PERSON’S MATERIAL POSSESSIONS AND CLAIMS AGAINST OTHERS WHICH ARE SUBJECT TO PROBATE |
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SCRIVENER |
THE ONE WHO PHYSICALLY WRITES THE LEGAL DOCUMENTS |
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SETTLOR OR GRANTOR |
PERSON WHO TRANSFERS MONEY OR ASSETS INTO A TRUST |
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SUCCESSOR TRUSTEE |
REPLACEMENT FOR PREVIOUS TRUSTEE |
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TAX ON THE DEVISEE’S OR BENEFICIARIES RIGHT TO RECEIVE AN INHERITANCE.DEATH TAX |
AN ESTATE TAX OR INHERITANCE TAX |
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TESTAMENT |
WILL |
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TESTAMENTARY CAPACITY |
WHEN YOU KNOW WHO YOUR ERROR ARE AND WHEN YOU KNOW THE NATURE AND EXTENT OF YOUR ASSETS AND KEEPING IT ALL IN MIND IN ORDER TO WRITE A WILL |
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TESTATOR |
A PERSON WHO WRITES A WILL |
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TRUST |
A CONTRACT THAT TELLS A TRUSTEE HOW TO MANAGE AND DISTRIBUTE MONEY AND ASSETS HELD IN TRUST |
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TRUSTEE |
PERSON WHO MANAGES AND DISTRIBUTES TRUST ASSETS ACCORDING TO TRUST INSTRUMENT |
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WHEN YOU KNOW WHO YOUR HEIRS ARE AND WHEN YOU KNOW THE NATURE AND EXTENT OF YOUR |
AN IRREVOCABLE TRUST ESTABLISHED TO RECEIVE A LIFE INSURANCE POLICY. PURPOSE IS TO EXCLUDE FROM TAXABLE FEDERAL ESTATE |
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WILL |
SAYS WHO GETS TESTATORS PROPERTY AFTER DEATH |
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WITNESS |
A PERSON WHO SAW ANOTHER PERSON MAKE A PLAY |