Glossary for Preparing Your Will: Difference between revisions
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;Beneficiary: A person designated to receive money or property in a will, benefit plan, or insurance policy. | ;Beneficiary: A person designated to receive money or property in a will, benefit plan, or insurance policy. | ||
;Codicil: A document made after the will that changes some things in | ;Codicil: A document made after the will that changes some things in the will. | ||
;Estate: All of the property and belongings | ;Estate: All of the property and belongings a person owns at their death, with some exceptions. The estate does not include property owned with someone else jointly (such as a joint bank account) or property where a beneficiary has been designated (such as an insurance policy). | ||
;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. |