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Health care directive
A legal document that lets others know one's wishes regarding medical care and treatment, funeral arrangements, organ donation, and other health care concerns.
Power of attorney
A legal agreement that authorizes someone to handle or share in handling the financial matters of another person. A "durable" power of attorney can continue to give power to another in handling financial matters after incapacitation has occurred.
Personal representative
The person responsible for the administration of an estate. This includes paying creditors and heirs.
Probate
The process of settling your estate after you die, including paying creditors and heirs, and validating a will (if there is one).
Jointly held bank account
A bank account that is held by two or more people each of whom has a right of survivorship.
Assets
All property owned by a person that can be used or made available to use in the payment of debts and heirs.
Codicil
An amendment to a will. It is a separate document.
Attorney-in-fact
This person receives the powers allocated in a power of attorney, such as a right to handle another person's financial matters.
Property
The money a person has and the things a person owns.
Estate
All of the property owned by a person, including real estate and personal property.
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