9,075
edits
Difference between revisions of "Glossary for Being an Executor"
From Clicklaw Wikibooks
Glossary for Being an Executor (view source)
Revision as of 22:51, 21 March 2019
, 22:51, 21 March 2019no edit summary
Drew Jackson (talk | contribs) |
Drew Jackson (talk | contribs) |
||
| Line 5: | Line 5: | ||
;Beneficiary: A person who is to receive money or property in a will, benefit plan, or insurance policy. | ;Beneficiary: A person who is to receive money or property in a will, benefit plan, or insurance policy. | ||
Debts: Money that a person owes. For example, a credit card balance, a car loan, or a mortgage. | |||
;Debts: Money that a person owes. For example, a credit card balance, a car loan, or a mortgage. | |||
;Estate: All of the property and belongings a person owns upon their death, with some exceptions. The estate does not include property owned with someone else jointly (such as a joint bank account) or property that has a designated beneficiary (such as an insurance policy). | ;Estate: All of the property and belongings a person owns upon their death, with some exceptions. The estate does not include property owned with someone else jointly (such as a joint bank account) or property that has a designated beneficiary (such as an insurance policy). | ||
