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Attorney-in-fact
This person receives the powers allocated in a power of attorney, such as a right to handle another person's financial matters.
Health care directive
A legal document that lets others know one's wishes regarding medical care and treatment, funeral arrangements, organ donation, and other health care concerns.
Jointly held bank account
A bank account that is held by two or more people each of whom has a right of survivorship.
Personal representative
The person responsible for the administration of an estate. This includes paying creditors and heirs.
Decedent
A person who is deceased.
Guardian
A person or entity who is appointed by the court to exercise many powers for the care of an incapacitated person, the person's estate, or both.
Probate
The process of settling your estate after you die, including paying creditors and heirs, and validating a will (if there is one).
Joint tenancy
A property held in joint tenancy is owned by two or more people who have an undivided interest in the property, and the interest continues even after the other owners die.
Estate
All of the property owned by a person, including real estate and personal property.
Property
The money a person has and the things a person owns.
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