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February 26, 2010

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Probate Law Terms and Definitions

Revocation
In terms of wills, the process or act of canceling or destroying an existing will.

Assets
All property owned by a person that can be used or made available to use in the payment of debts and heirs.

Will
A legal document that directs where a person's property should go after that person dies.

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.

Decedent
A person who is deceased.

Codicil
An amendment to a will. It is a separate document.

Estate
All of the property owned by a person, including real estate and personal property.

Beneficiary
A person designated to receive the income or principal of a trust estate.

Escheat to the state
When no heirs have made claims to either all or part of an estate, the state receives the unclaimed estate.

Personal representative
The person responsible for the administration of an estate. This includes paying creditors and heirs.

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Did You Know?

There Is Someone Responsible For Handling The Probate Process
If there is a will, the individual responsible for handling the probate process is called the executor. If there is no will that person is known as the administrator. In either case that individual is responsible for managing the deceased"s estate throughout the entire probate process.

	Newsroom
	Latest news about probate cases in Washington DC and nationwide: Aging Services Schedules Georgia Public Guardians Training Volunteers interested in becoming legal guardians for vulnerable adults will have the opportunity to attend an informational session in Albany, Feb... Read more > PROBATE AND FAMILY COURT ANNOUNCES APPROVAL OF Chief Justice Dunphy has announced that Chief Justice for Administration and Management Robert A. Mulligan approved Standing Order 1-06, "Cas... Read more > The Mission Of The Real Estate Probate And Trust Law The mission of the Real Estate, Probate and Trust Law Section of the State Bar of Texas is to provide support to its members and other attorneys pr... Read more > More Probate News >

Probate Terms

Today's Terms

Payable on death account (POD)

Definition:
An account, such as a bank account, that is handed over to a specified person upon another person's death.

Health care directive

Definition:
A legal document that lets others know one's wishes regarding medical care and treatment, funeral arrangements, organ donation, and other health care concerns.

Codicil

Definition:
An amendment to a will. It is a separate document.

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Probate Resources

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Probate Hot Topics

Topics Related to Probate:

Probate Court
Last Will and Testament
Living Will
Power of Attorney
Trust Planning
Asset Protection
Special Needs Trusts

Washington DC Probate Attorney

If you live in the following cities and need an probate attorney you should contact our Probate Attorney as soon as possible:

Washington DC
Adams Morgan
Anacostia
Capitol Hill
Cathedral Heights
Chevy Chase
Chinatown
Columbia Heights
Dupont Circle

Foggy Bottom
Friendship Heights
Georgetown
Glover Park
Logan Circle
Mount Vernon Square
Mount Pleasant
Shaw
Woodley Park

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