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Estate
All of the property owned by a person, including real estate and personal property.
Property
The money a person has and the things a person owns.
Guardian
A person or entity who is appointed by the court to exercise many powers for the care of an incapacitated person, the person's estate, or both.
Heir
Those persons, including a spouse who are entitled to the property of a decedent when the decedent has left no valid will.
Codicil
An amendment to a will. It is a separate document.
Assets
All property owned by a person that can be used or made available to use in the payment of debts and heirs.
Revocation
In terms of wills, the process or act of canceling or destroying an existing will.
Decedent
A person who is deceased.
Will
A legal document that directs where a person's property should go after that person dies.
Payable on death account (POD)
An account, such as a bank account, that is handed over to a specified person upon another person's death.
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