Break through the shroud of obfuscation surrounding estate planning by learning these commonly used terms.Estate planning terms to know:1.Ademption31.Irrevocable trust2.Administrator32.Issue3.Advance medical directive33.Joint tenants with right of survivorship4.Beneficiary34.Letters testamentary5.Bequest35.Living trust6.Chattel36.Living will7.Codicil37.Marital exemption8.Community property38.Medical power of attorney9.Conservator39.Minor child10.Credit shelter trust40.Pay on death account11.Decedent41.Personal property12.Discretionary trust42.Pour-over will13.EGTRRA43.Power of attorney14.Election against the will44.Pretermitted15.Estate45.Probate16.Estate plan46.QDOT17.Estate tax47.QPRT18.Executor48.QTIP19.Fiduciary49.Real property20.Form 131050.Residuary21.Gift tax51.Revocable trust22.Grantor52.Second-to-die insurance23.Guardian53.Self-proving will24.Health care proxy54.State estate taxes25.Heir55.Taxable estate26.Inheritance56.Tenants in common27.Inheritance tax57.Testamentary trust28.Intestate58.Trust29.Inter vivos gift59.Trustee30.Inter vivos trust (living)60.Will
Break through the shroud of obfuscation surrounding estate planning by learning these commonly used terms.
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Remember the wise decision that Bank of America made in August 2001 in light of the decision it's making now.
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