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Look at Our Estate Planning Glossary A convenient way to start

Legal terminologies are difficult to understand. We have created this extensive list of terms used in Estate Planning with their meanings in the simplest possible way for your understanding. <br><br>https://www.trulywill.com/learn/estate-planning-glossary

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Look at Our Estate Planning Glossary A convenient way to start

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  1. Look at Our Estate Planning Glossary: A convenient way to start www.trulywill.com

  2. Terms to enhance your understanding of Estate planning Estate Planning refers to the process of planning and executing Wills, trusts, or other legal documents to declare one's wishes regarding the management of their assets upon death or incapacity. In simple words, it is a dynamic process of anticipating the distribution of a person’s belongings after the death of the person. Durable Power on Attorney Executor/PersonalRepresenta tive/Administrator Guardian Healthcare Surrogate Heir HIPAA Authorization Administrator Attorney-in-fact Asset Protection Beneficiary Business Succession Planning Codicil Decedent

  3. Terms to enhance your understandingof Inheritance planning Inheritance Planning is the process of deciding who will inherit your property after you die. This procedure is a part of the estate planning process. Under it, you decide beneficiaries for your assets. You can have either one or multiple beneficiaries as per your wish. Intestate Irrevocable Vs Revocable Trust Joint Tenancy Last Will and Testament Living Trust Living Will

  4. Terms to enhance your understanding of Long-term care planning Long-term care planning refers to the planning of services and assistance for personal or health care needs for the long term. It includes care for older people due to illness or incapacity Pour-Over Will Probate State Tax Planning Trust Testator Trustee Will Note that every state has different definitions for these terms as per their state laws. These definitions can change at times and you should check with your attorney or state laws for more information.

  5. Thinking of creating a will to secure your loved ones? START YOUR ESTATE PLAN ONLINE Resume anytime Done from your home Expert support when you need it www.trulywill.com

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