http://public.findlaw.com

, Oct. 12, 2008

DEFINITION

FIND AN ELDER LAW ATTORNEY IN YOUR AREA.

See also:

RELATED PRACTICE AREAS

Family Law
Wills
Trusts
Estate Planning
Social Security Disability

BUZZWORDS

Beneficiary - One who inherits real and/or personal property through a trust or other instrument.

Estate Planning - The process of arranging a person's property to gain maximum benefit of all laws (such as tax or inheritance) while carrying out the person's wishes as to its disposition.

Estate Taxes - The tax imposed on the property of a deceased person who transfers ownership by will or intestate succession.

Heir - One who inherits real and/or personal property through an estate.

Personal Property - Any movable or intangible thing that is subject to ownership and is not classified as real property.

Probate - The judicial procedure by which one's estate is passed to heirs or beneficiaries.

Probate Court - A court with the power to declare wills valid or invalid, to oversee the administration of estates, and in some states, to appoint guardians and approve the adoption of minors.

PRACTICE AREA NOTES