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Decedent
A person who is deceased.
Codicil
An amendment to a will. It is a separate document.
Conservator
A person or entity who is appointed by the court to exercise certain powers for the care of an incapacitated person, the person's estate, or both.
Assets
All property owned by a person that can be used or made available to use in the payment of debts and heirs.
Joint tenancy
A property held in joint tenancy is owned by two or more people who have an undivided interest in the property, and the interest continues even after the other owners die.
Payable on death account (POD)
An account, such as a bank account, that is handed over to a specified person upon another person's death.
Heir
Those persons, including a spouse who are entitled to the property of a decedent when the decedent has left no valid will.
Escheat to the state
When no heirs have made claims to either all or part of an estate, the state receives the unclaimed estate.
Jointly held bank account
A bank account that is held by two or more people each of whom has a right of survivorship.
Personal representative
The person responsible for the administration of an estate. This includes paying creditors and heirs.
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