A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- WillA legal document that spells out who gets your property and who cares for your children after you die.
- ConservatorshipA court arrangement giving someone authority to manage the affairs of an adult who cannot manage their own.
- TestatorThe person who makes a will and whose wishes it records for distributing their property after death.
- EstateEverything you own at death, including money, property, and belongings, minus what you owe.
- TrusteeThe person or institution responsible for managing a trust's assets and following its instructions.
- Power of AttorneyA document that lets someone you name make financial or legal decisions on your behalf if you cannot.
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