Archives: Glossary Terms
Conservator
An individual or bank or trust company appointed by the probate court...
Decedent
A deceased individual.
Descendant
A person who was born into or legally adopted into the direct line of an individual’s descent...
Disclaimer
An individual’s refusal to accept a gift or other distribution...
Durable Power of Attorney
A form of power of attorney that does not terminate...
Estate Planning
The general process by which an individual strategizes for the distribution...
Estate Tax
A tax imposed on the transfer of property at an individual’s...
Estate Tax Exemption Amount
See Applicable Exclusion Amount.
Executor
An individual or corporate fiduciary named by a deceased individual...
Family Trust
Generally, any trust established to benefit an individual's spouse...