Will and Testament Terms

 In Last Will and Testament

Navigating the legal process is difficult, especially if you are unsure of what certain things mean. A common practice people sometimes find confusion in is the last will process. Your will is essential in case something happens to you. It is not only beneficial to you but the people you care about as well.  This is our glossary of will and testament terms you should know before beginning this process.

Will and Testament Terms

Once you’ve decided to craft your will, it would be beneficial for you to sit down with a lawyer to finalize it. They will help you through this process to ensure everything is in place in case of an emergency. These definitions have all been provided by LegalZoom.

Beneficiary

Someone who receives an inheritance through a will. Anyone you leave anything to in your will is considered a beneficiary.

Heir

Every state has a law to determine how to divide your property if you die without a will. Heirs are the people who will inherit from you. First in line include your spouse, children, followed by other relatives.

Intestate

A person who dies without a will is intestate. The state will then decide your heirs.

Executor

This person is chosen to carry out your wishes in your will. They are in charge of properly distributing your estate after you pass. If you do not choose one, the state will take care of it for you. It is encouraged to choose an executor.

Probate

This term describes the legal process in which the court examines and approves the terms of the will. This can take several months.

Testamentary Trust

A trust is created through your will.

Guardian

A guardian is essential in your will if you have children. This person is chosen to legally care for your children after your death.

For more will and testament terms, check out The Slaughter Law Firm. At Slaughter Law, we provide a variety of legal resources, including assistance with drafting wills. If you’d like to consult with our lawyer about your will, or other legal issues, contact us online here today!