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  2. Writing a Letter of Instruction for Your Estate Plan - AOL

    www.aol.com/news/writing-letter-instruction...

    A comprehensive estate plan often includes writing a last will and testament to transfer your assets to your beneficiaries. Once you've passed away, the executor of your will shepherds the will ...

  3. Advancement (inheritance) - Wikipedia

    en.wikipedia.org/wiki/Advancement_(inheritance)

    No child can be forced to account for his or her advancement, but instead he will be excluded from a share in the intestate's estate. The usual judicial view was that any considerable sum of money paid to a child at that child's request is an advancement; thus payment of a son's debts of honour has been held to be an advancement.

  4. How to Write a Residuary Estate Clause in a Will - AOL

    www.aol.com/write-residuary-estate-clause...

    When mapping out your estate plan, you may come across the term "residuary estate." In simple terms, a residuary estate is any part of your estate that hasn't been distributed to your heirs ...

  5. Probate - Wikipedia

    en.wikipedia.org/wiki/Probate

    In common law jurisdictions, probate is the judicial process whereby a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased; or whereby, in the absence of a legal will, the estate is settled according to the laws of intestacy that apply in the state where the deceased resided at the time of their death.

  6. Will and testament - Wikipedia

    en.wikipedia.org/wiki/Will_and_testament

    Distribution – succession to personal property. Executor/executrix or personal representative [PR] – person named to administer the estate, generally subject to the supervision of the probate court, in accordance with the testator's wishes in the will. In most cases, the testator will nominate an executor/PR in the will unless that person ...

  7. Letters of Administration - Wikipedia

    en.wikipedia.org/wiki/Letters_of_Administration

    Traditionally, letters of administration granted to a representative of a testator's estate are called "letters of administration with the will annexed" or "letters of administration cum testamento annexo" or "c.t.a.". Essentially, this document is issued to the person who will administer the estate of someone who dies without a will.

  8. 4 Things That Should Be in Your ‘Financial Love Letter’ (aka ...

    www.aol.com/finance/4-things-financial-love...

    To help you understand the elements that should be in your own financial love letter, GOBankingRates talked to several estate planning experts. 1. A Proper Will and Revocable Living Trust

  9. Estate planning - Wikipedia

    en.wikipedia.org/wiki/Estate_planning

    For example, an estate plan may include a healthcare proxy, durable power of attorney, and living will. After widespread litigation and media coverage surrounding the Terri Schiavo case, estate planning attorneys often advise clients to also create a living will, which is a form of an advance directive. Specific final arrangements, such as ...

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