A beneficiary is someone who benefits from something, like a trust, will, or life insurance policy.
A type of insurance that safeguards the estate's assets.
A conservatee is a person who has been placed under the care and supervision of a conservator appointed by the court.
The conservator's role involves overseeing, safeguarding, and handling assets owned by and for the benefit of the beneficiary.
A legal arrangement where a court appoints a responsible person or organization to care for and manage the affairs of an individual who is unable to do so themselves.
A demand made by a person or entity to seek payment from the estate of a decedent individual for a debt owed to them by the decedent.
A decedent is a person who has passed away.
Any legal claim, right, or liability attached to a property, such as a mortgage, lien, or easement, that may affect its transfer or use.
All the assets, property, and liabilities left behind by a deceased person.
A person appointed in a will to carry out the directions and requests of the deceased regarding the distribution of their estate.
A person or entity legally entrusted to act in the best interest of another party, with a high standard of care and loyalty.
A person who is legally entitled to receive a portion of the deceased person's estate, typically as designated by law or by a will.
A person who has died without a valid will.
The legal process of distributing a deceased person's assets when they have not left behind a valid will.
Legal documents issued by a probate court. These letters authorize the executor of a will to act on behalf of the deceased person's estate.
An Administrator or Executor is a person appointed to manage a deceased person's estate, including handling assets, paying debts, and distributing property to beneficiaries according to the will or state law.
A formal request to a court to start a legal process, such as appointing a representative, approving a will, or distributing assets.
The court-supervised process of administering and distributing a deceased person's estate, which involves validating the will, appraising assets, settling debts and taxes, and distributing property to beneficiaries.
The process of selling a deceased person's property under court supervision to ensure proper distribution of proceeds to the estate's beneficiaries or heirs.
A court-appointed professional who appraises and values a deceased person's estate assets to ensure fair distribution to heirs or beneficiaries.
Land, buildings, and natural resources attached to the land.
The legal status of a person who has died and left behind a valid will to dictate the distribution of their assets and property.
A legal arrangement where a trustee manages assets for the benefit of a beneficiary according to specific terms.
A legal document that outlines a person's wishes regarding the distribution of their assets and the care of any minor children after their death.
