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February 06, 2012
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Probate Law Terms and Definitions

 
 

Heir
Those persons, including a spouse who are entitled to the property of a decedent when the decedent has left no valid will.

Conservator
A person or entity who is appointed by the court to exercise certain powers for the care of an incapacitated person, the person's estate, or both.

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.

Codicil
An amendment to a will. It is a separate document.

Estate
All of the property owned by a person, including real estate and personal property.

Decedent
A person who is deceased.

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.

Revocation
In terms of wills, the process or act of canceling or destroying an existing will.

Beneficiary
A person designated to receive the income or principal of a trust estate.

Probate
The process of settling your estate after you die, including paying creditors and heirs, and validating a will (if there is one).

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Did You Know?    
 
 
Probate Transfers Legal Title Of Property
Probate is the means by which legal title of property transfers from the estate of the person who has died, to his or her proper beneficiaries. The term "probate" refers to proving the existence of a valid Will, or determining and proving who one's legal beneficiaries are if there is no Will. Since you can't take it with you, probate is the process used to determine who gets your property.

 


  Newsroom  
 


Latest news about probate cases in Michigan and nationwide:

PROBATE LAW APPROVED IN MASSECHUSETTS
 Chief Justice Dunphy has announced that Chief Justice for Administration and Management Robert A. Mulligan approved Standing Order 1-06, ...
Read more >


Make Sure Living Trust Offers Are Trust-Worthy
You've worked hard for your money, so it's no wonder that you'll want some control over what happens to your assets in the event of your death. At ...
Read more >


Each bank or investment firm may have its own format, but generally you may use, for a trust
How do I title accounts? Each bank or investment firm may have its own format, but generally you may use, for a trust, "Alice Carrol...
Read more >


More Probate News >

 
 

Probate Terms

 
 


Today's Terms

Joint tenancy

Definition:
A property held in joint tenancy is owned by two or more people who have an undivided interest in the property, and the interest continues even after the other owners die.

Personal representative

Definition:
The person responsible for the administration of an estate. This includes paying creditors and heirs.

Attorney-in-fact

Definition:
This person receives the powers allocated in a power of attorney, such as a right to handle another person's financial matters.

More Probate Terms >

 
 

Probate Resources

 


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Probate Hot Topics

 


Topics Related to Probate:

  • Probate Court
  • Last Will and Testament
  • Living Will
  • Power of Attorney
  • Trust Planning
  • Asset Protection
  • Special Needs Trusts

More Probate Topics >

Michigan Probate Attorney

 
If you live in the following cities and need an probate attorney you should contact our Probate Attorney as soon as possible:


  • Adrian
  • Ann Arbor
  • Battle Creek
  • Bay City
  • Belleville
  • Canton
  • Clinton Township
  • Dearborn
  • Dearborn Heights
  • Detroit
  • East Lansing
  • Flint
  • Grand Blanc
  • Grand Rapids
  • Hamtramck
  • Highland Park
  • Holland
  • Howell
  • Jackson
  • Lansing
  • Lincoln Park
  • Livonia
  • Macomb
  • Mount Pleasant
  • Muskegon
  • Niles
  • Northville
  • Plymouth
  • Port Huron
  • Redford
  • Rochester
  • Roseville
  • Saginaw
  • Sterling Heights
  • Taylor
  • Traverse City
  • Trenton
  • Troy
  • Warren
  • Westland
  • Wyandotte
  • Ypsilanti


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