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Codicil
An amendment to a will. It is a separate document.
Power of attorney
A legal agreement that authorizes someone to handle or share in handling the financial matters of another person. A "durable" power of attorney can continue to give power to another in handling financial matters after incapacitation has occurred.
Guardian
A person or entity who is appointed by the court to exercise many powers for the care of an incapacitated person, the person's estate, or both.
Probate
The process of settling your estate after you die, including paying creditors and heirs, and validating a will (if there is one).
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.
Will
A legal document that directs where a person's property should go after that person dies.
Personal representative
The person responsible for the administration of an estate. This includes paying creditors and heirs.
Assets
All property owned by a person that can be used or made available to use in the payment of debts and heirs.
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.
Health care directive
A legal document that lets others know one's wishes regarding medical care and treatment, funeral arrangements, organ donation, and other health care concerns.
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