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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.
Property
The money a person has and the things a person owns.
Decedent
A person who is deceased.
Revocation
In terms of wills, the process or act of canceling or destroying an existing will.
Jointly held bank account
A bank account that is held by two or more people each of whom has a right of survivorship.
Escheat to the state
When no heirs have made claims to either all or part of an estate, the state receives the unclaimed estate.
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.
Will
A legal document that directs where a person's property should go after that person dies.
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.
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