Glossary Group: A
Administration
The process during which the executor, personal representative, or administrator gathers...
Administrator
The individual or corporate fiduciary appointed by the probate court...
Advanced Directive
An Advanced Directive refers to the necessary documents ...
Annual exclusion
The value of assets that may be transferred by gift from...
Applicable exclusion amount
The value of assets that can be sheltered from federal estate and gift taxes...
Ascertainable standard
A standard—typically an individual’s health, support, maintenance or education...
Attorney-in-Fact
An individual or corporate fiduciary designated to handle the financial...