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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.
Codicil
An amendment to a will. It is a separate document.
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.
Escheat to the state
When no heirs have made claims to either all or part of an estate, the state receives the unclaimed estate.
Will
A legal document that directs where a person's property should go after that person dies.
Joint tenancy
A property held in joint tenancy is owned by two or more people who have an undivided interest in the property, and the interest continues even after the other owners die.
Estate
All of the property owned by a person, including real estate and personal property.
Property
The money a person has and the things a person owns.
Heir
Those persons, including a spouse who are entitled to the property of a decedent when the decedent has left no valid will.
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