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Beneficiary
A person designated to receive the income or principal of a trust estate.
Decedent
A person who is deceased.
Revocation
In terms of wills, the process or act of canceling or destroying an existing will.
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.
Assets
All property owned by a person that can be used or made available to use in the payment of debts and heirs.
Estate
All of the property owned by a person, including real estate and personal property.
Codicil
An amendment to a will. It is a separate document.
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.
Will
A legal document that directs where a person's property should go after that person dies.
Heir
Those persons, including a spouse who are entitled to the property of a decedent when the decedent has left no valid will.
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