Term
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Definition
| Process of selling estate property to pay debts. |
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Term
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Definition
| Loss of a testamentary gift because the testator no longer owns the property at his or her death. |
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Term
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Definition
| Inter vivos gift to children in anticipation of their share of the parents estate. |
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Term
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Definition
| State law providing that gifts to deceased heirs go to those persons heirs. |
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Term
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Definition
| Clause signed by witnesses to a will. |
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Term
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Definition
| Recipient of personal property under a will. |
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Term
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Definition
| Testamentary gift of personal property. |
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Term
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Definition
| Formal document used to amend a will. |
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Term
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Definition
| Testamentary gift of money from a particular source. |
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Term
| Dependent relative revocation |
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Definition
| Court doctrine holding that if a later will is found invalid; an earlier valid will shall be probated. |
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Term
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Definition
| Testamentary gift of real property. |
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Term
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Definition
| Recipient of testamentary gift of real property. |
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Term
| Durable power of attorney |
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Definition
| Power of attorney that takes effect upon execution and lasts despite the incapacity of the principal. |
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Term
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Definition
| Formal signing and witnessing of a will. |
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Term
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Definition
| Introductory paragraph of a will. |
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Term
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Definition
| Misrepresentation to induce a person to sign a will. |
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Term
| General revocatory clause |
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Definition
| Will provision revoking earlier wills and codicils. |
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Term
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Definition
| Document appointing another to make health care decisions for the principal. |
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Term
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Definition
| Will written in the testators own hand. |
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Term
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Definition
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Term
| Incorporation by reference |
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Definition
| Including terms of an independent document by making specific allusion to in another document. |
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Term
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Definition
| one will used for two persons. |
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Term
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Definition
| Testamentary gift of money. |
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Term
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Definition
| Recipient of money under a will. |
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Term
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Definition
| Provision in a will indicating that if a recipient of a gift under the will predeceases the testator, the gift forms a part of the testators residuum. |
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Term
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Definition
| Instrument indicating a persons wishes with respect to life termination should he be unable to speak for himself. |
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Term
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Definition
| Tax provision permitting property that goes to a surviving spouse to go tax free. |
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Term
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Definition
| Threats used to induce a person to sign a will. |
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Term
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Definition
| Law limiting charitable gifts under a will. |
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Term
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Definition
| Identical wills executed by two persons. |
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Term
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Definition
| Oral will permitted in limited situations. |
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Term
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Definition
| Authorization for one person to act on anothers behalf. |
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Term
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Definition
| Omitting mention of a child or issue in a will; the omitted child or issue is entitled to an intestate share of the estate. |
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Term
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Definition
| Special trust that qualifies for a marital deduction. |
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Term
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Definition
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Term
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Definition
| Will with affidavit of attesting witnesses attached. |
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Term
| Simultaneous death clause |
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Definition
| Provision indicating how property is to be distributed if the testator and the heir die in a common disaster. |
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Term
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Definition
| Law prohibiting a murderer from inheriting from his victim. |
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Term
| Springing power of attorney |
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Definition
| Power of attorney that takes effect at some point in the future. |
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Term
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Definition
| Form will appearing in the state statutes. |
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Term
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Definition
| Knowing the nature and extent of ones property and the natural bounty of ones affections. |
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Term
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Definition
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Term
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Definition
| Ability of a person in a close relationship to the testator to use that position to cause the testator to make a particular testamentary disposition. |
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Term
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Definition
| Legal challenge to the validity of an instrument filed for probate. |
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Term
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Definition
| Document that expresses the health care wishes of the signatory. |
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Term
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Definition
| Confinement of a person to a mental health facility. |
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Term
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Definition
| The legal ability to make decisions for oneself. |
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Term
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Definition
| Pension plan in which the amount of the pension is specifically determined by the employee's length of service and salary. |
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Term
| Defined contribution plan |
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Definition
| Pension plan in which the pension is determined by the amount of the contributions made to the plan during the pensioner's period of employment. |
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Term
| Department of veterans Affairs |
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Definition
| Federal agency that administers veterans benefits. |
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Term
| Do-Not-Resuscitate Directive |
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Definition
| Document indicating that the signatory does not wish to be resuscitated or kept on a life support system. |
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Term
| Employee Retirement Income Security Act (ERISA) |
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Definition
| Federal statute that imposes fiduciary duties on managers of private pension Plans. |
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Term
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Definition
| Having worked at least 40 quarters to be qualified to receive Social Security benefits. |
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Term
| General enrollment period |
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Definition
| Yearly Period during which persons may enroll in Medicare Part 13. |
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Term
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Definition
| Guardian to manage the property of an incapacitated person. |
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Term
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Definition
| Person legally authorized to manage the personal, non-financial, affairs of an incapacitated person. |
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Term
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Definition
| Legal document authorizing someone other than the principal to make health care decisions for the principal should the Principal be unable to speak for him or herself. |
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Term
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Definition
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Term
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Definition
| Defined contribution plan. |
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Term
| Individual retirement account (IRA) |
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Definition
| Private pension plan given favorable tax treatment. |
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Term
| Individual retirement account-plus (Roth) |
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Definition
| Form of IRA that permits withdrawal without tax penal ties. |
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Term
| Initial enrollment period |
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Definition
| Period during which an eligible person can enroll for Medicare, |
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Term
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Definition
| Two or more persons holding title to property with rights of survivorship. |
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Term
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Definition
| Guardianship for a limited purpose. |
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Term
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Definition
| Document indicating the signatorys wishes with respect to life support should the signatory become incapacitated. |
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Term
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Definition
| Period of time the government will review to determine whether an applicant for Medicaid has improperly divested him or her self of his or her assets. |
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Term
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Definition
| Federally funded program providing medical care to low income persons. |
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Term
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Definition
| Federally funded health insurance for persons who receive Social Security. |
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Term
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Definition
| Supplemental insurance designed to provide payment for items not covered by Medicare. |
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Term
| Non-service related disability |
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Definition
| Disability resulting from an occurrence that did not take place during military service. |
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Term
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Definition
| Pension plan that provides tor retirement income. |
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Term
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Definition
| Guardian of both the person and the property of an incapacitated person. |
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Term
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Definition
| Legal document authorizing someone to act on the behalf of the signatory. |
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Term
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Definition
| Person authorized by the Social Security Administration to receive benefits on behalf of the recipient of Social Security benefits. |
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Term
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Definition
| Trust that may be terminated by the creator. |
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Term
| Social Security Act of 1933 |
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Definition
| Federal statute that provides for retirement income for qualified workers. |
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Term
| Social Security Administration |
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Definition
| Federal agency that administers Social Security benefits. |
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Term
| Special enrollment period |
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Definition
| Time period in which the working elderly can enroll in Medicare. |
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Term
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Definition
| Method whereby a person divests him or her self of assets in order to qualify for Medicaid. |
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Term
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Definition
| Health care coverage designed to provide benefits for care not covered by Medicare or other insurance programs. |
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Term
| Supplemental Security Income (ssI) |
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Definition
| Government transfer payments to very low-income persons. |
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Term
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Definition
| Income above the limit to qualify for Medicaid. |
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Term
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Definition
| Former term for an incapacitated Person. |
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Term
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Definition
| Employee benefit plan that provides for medical care and benefits other than retirement income. |
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