Estates Legal Terms
Trusts and estates legal terminology including wills, probate, estate planning, and inheritance law concepts.
5 terms in this category
Guardianship
A court-appointed arrangement where one person (guardian) is given legal authority to make decisions for another person (ward) who cannot care for themselves.
Power of Attorney
A legal document authorizing someone (the agent) to act on another person's (the principal's) behalf in financial, legal, or medical matters.
Probate
The court-supervised process of proving a will's validity, paying debts, and distributing a deceased person's assets to beneficiaries or heirs.
Trust
A legal arrangement where one party (trustee) holds and manages property for the benefit of another (beneficiary) according to the terms set by the creator (grantor).
Will
A legal document that expresses a person's wishes about how their property should be distributed after death and who should care for minor children.
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