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‚ÄčAdministrator - (also known as Personal Representative) Person appointed by the court to manage and distribute the estate of a person who dies without a Will.
Beneficiary - Person named to receive property or benefits.
Bequeath - Gift or personal property by Will.
Codicil -An addition or supplement made to delete or add provisions of a Will.
Decedent - A deceased person
Devise - Gift of real estate by Will.
Estate - Everything a person owns, all real and personal property.
Executor (also known as Personal Representative) - A person or institution named in the Will to carry out the provisions and directions of the Will.
Intestate - When a person dies without a valid Will.
Personal Property - Intangible property; such as stocks, bonds, or bank accounts; and tangible property such as furniture, automobile, jewelry.
Probate - Official proof of the validity of a Will.
Real Property - Land and buildings
Tenants In Common - Two or more persons owning individual interests in property.
Testator - The person who makes a Will.
Trust - Property owned and managed by one person for the benefit of another
Trustee - Person or institution holding property in trust.
Will - A legal declaration of the manner in which a person wishes his estate divided after death.
Witness - Person who observes the signing of a Will and also attests to the signatures.

  

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