Trust Admin. and Probate Flashcards
Probate
The official proving of a will through a court proceeding
Distribution
the action of sharing something out among a number of recipients
Decedent
A person who has died
Beneficiaries
A person who derives advantage from something, especially a trust, will or life insurance policy
Heirs at law
A person who inherits or has a right of inheritance in the property of a person who has died intestate
Executor
The person that adminsters the estate if the decedent dies without a valid wil
Administrator
the person that administers the estate if the decedent dies without a valid will
Personal Representative
A catch-all term for executor or adminisitrator
Probate Administration
is the general administration of a deceased person’s will or the estate of a deceased per son without a will
Intestate
Not having a will before someone dies