Estate planning glossary (Page 1 of 6)

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Estate planning tool kit

Calculators, work sheets and resources for getting your estate in order.

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Planning for your heirs

Estate planning glossary

Break through the shroud of obfuscation surrounding estate planning by learning these commonly used terms.

Estate planning terms to know:

1.	Ademption	31.	Irrevocable trust
2.	Administrator	32.	Issue
3.	Advance medical directive	33.	Joint tenants with right of survivorship
4.	Beneficiary	34.	Letters testamentary
5.	Bequest	35.	Living trust
6.	Chattel	36.	Living will
7.	Codicil	37.	Marital exemption
8.	Community property	38.	Medical power of attorney
9.	Conservator	39.	Minor child
10.	Credit shelter trust	40.	Pay on death account
11.	Decedent	41.	Personal property
12.	Discretionary trust	42.	Pour-over will
13.	EGTRRA	43.	Power of attorney
14.	Election against the will	44.	Pretermitted
15.	Estate	45.	Probate
16.	Estate plan	46.	QDOT
17.	Estate tax	47.	QPRT
18.	Executor	48.	QTIP
19.	Fiduciary	49.	Real property
20.	Form 1310	50.	Residuary
21.	Gift tax	51.	Revocable trust
22.	Grantor	52.	Second-to-die insurance
23.	Guardian	53.	Self-proving will
24.	Health care proxy	54.	State estate taxes
25.	Heir	55.	Taxable estate
26.	Inheritance	56.	Tenants in common
27.	Inheritance tax	57.	Testamentary trust
28.	Intestate	58.	Trust
29.	Inter vivos gift	59.	Trustee
30.	Inter vivos trust (living)	60.	Will