Glossary Group: A

Attorney-in-Fact

An individual or corporate fiduciary designated to handle the financial…

Ascertainable standard

A standard—typically an individual’s health, support, maintenance or education…

Applicable exclusion amount

The value of assets that can be sheltered from federal estate and gift taxes…

Administrator

The individual or corporate fiduciary appointed by the probate court…

Administration

The process during which the executor, personal representative, or administrator gathers…

Annual exclusion

The value of assets that may be transferred by gift from…