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Escheat to the state
When no heirs have made claims to either all or part of an estate, the state receives the unclaimed estate.
Property
The money a person has and the things a person owns.
Decedent
A person who is deceased.
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.
Personal representative
The person responsible for the administration of an estate. This includes paying creditors and heirs.
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.
Estate
All of the property owned by a person, including real estate and personal property.
Codicil
An amendment to a will. It is a separate document.
Beneficiary
A person designated to receive the income or principal of a trust estate.
Attorney-in-fact
This person receives the powers allocated in a power of attorney, such as a right to handle another person's financial matters.
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