Difference between revisions of "Glossary for Preparing Your Will"
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;Executor: The person you appoint to carry out the instructions in your will and settle your affairs after you die. | ;Executor: The person you appoint to carry out the instructions in your will and settle your affairs after you die. | ||
;Notary public: A public official who is legally authorized to provide advice and prepare documents on certain matters, including wills. | ;Notary public: A public official who is legally authorized to provide advice and prepare documents on certain matters, including wills (so long as they do not create trust terms). | ||
;Power of attorney: A legal document that enables you to appoint another person to make financial and legal decisions for you. | ;Power of attorney: A legal document that enables you to appoint another person to make financial and legal decisions for you. | ||
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;Residue: The residue of the estate is whatever is left over after the executor pays all the debts and expenses and distributes any specific gifts. | ;Residue: The residue of the estate is whatever is left over after the executor pays all the debts and expenses and distributes any specific gifts. | ||
;Spouse: Two persons who are married to each other, or who have lived together in a marriage-like relationship for at least two years. | ;Spouse: Two persons who are married to each other, or who have lived together in a marriage-like relationship for at least the two years prior to the death of the will-maker. | ||
;Will: A legal document that leaves instructions about what the person making the will wants done with their | ;Will: A legal document that leaves instructions about what the person making the will wants done with their assets and obligations after they die. | ||
;Will-maker: A person who makes a will. | ;Will-maker: A person who makes a will. | ||