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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.
Jointly held bank account
A bank account that is held by two or more people each of whom has a right of survivorship.
Decedent
A person who is deceased.
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.
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.
Property
The money a person has and the things a person owns.
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.
Heir
Those persons, including a spouse who are entitled to the property of a decedent when the decedent has left no valid will.
Estate
All of the property owned by a person, including real estate and personal property.
Beneficiary
A person designated to receive the income or principal of a trust estate.
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