Retirement & Estate Planning Vocabulary

Front

What is the party named by the testator to carry out the terms of the will called?

Back

Executor

Front

What is the agreement describing how assets will be managed and held for the benefit of another person?

Back

Trust

Front

A Medical Directive is:

Back

A legal document outlining a person's wishes regarding medical treatment.

Front

A Living Will is________________________ in situations where they are unable to communicate their decisions.

Back

a legal document that outlines a person's wishes regarding medical treatment

Front

A Health-Care Proxy is a legal document that allows you to:

Back

Appoint someone to make medical decisions on your behalf.

Front

A Durable Power of Attorney is:

Back

A legal document that grants someone authority to make decisions on your behalf.