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Decedent
A person who is deceased.
Payable on death account (POD)
An account, such as a bank account, that is handed over to a specified person upon another person's death.
Beneficiary
A person designated to receive the income or principal of a trust estate.
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.
Estate
All of the property owned by a person, including real estate and personal property.
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.
Heir
Those persons, including a spouse who are entitled to the property of a decedent when the decedent has left no valid will.
Revocation
In terms of wills, the process or act of canceling or destroying an existing will.
Codicil
An amendment to a will. It is a separate document.
Personal representative
The person responsible for the administration of an estate. This includes paying creditors and heirs.
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