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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.
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.
Power of attorney
A legal agreement that authorizes someone to handle or share in handling the financial matters of another person. A "durable" power of attorney can continue to give power to another in handling financial matters after incapacitation has occurred.
Heir
Those persons, including a spouse who are entitled to the property of a decedent when the decedent has left no valid will.
Property
The money a person has and the things a person owns.
Codicil
An amendment to a will. It is a separate document.
Revocation
In terms of wills, the process or act of canceling or destroying an existing will.
Living Trust
A living trust is an estate planning device that allows a person to transfer assets to one or more persons before and after they die.
Health care directive
A legal document that lets others know one's wishes regarding medical care and treatment, funeral arrangements, organ donation, and other health care concerns.
Estate
All of the property owned by a person, including real estate and personal property.
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