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Conservator
A person or entity who is appointed by the court to exercise certain powers for the care of an incapacitated person, the person's estate, or both.
Codicil
An amendment to a will. It is a separate document.
Estate
All of the property owned by a person, including real estate and personal property.
Decedent
A person who is deceased.
Attorney-in-fact
This person receives the powers allocated in a power of attorney, such as a right to handle another person's financial matters.
Assets
All property owned by a person that can be used or made available to use in the payment of debts and heirs.
Beneficiary
A person designated to receive the income or principal of a trust estate.
Personal representative
The person responsible for the administration of an estate. This includes paying creditors and heirs.
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.
Escheat to the state
When no heirs have made claims to either all or part of an estate, the state receives the unclaimed estate.
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