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Estate
All of the property owned by a person, including real estate and personal property.
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.
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.
Personal representative
The person responsible for the administration of an estate. This includes paying creditors and heirs.
Assets
All property owned by a person that can be used or made available to use in the payment of debts and heirs.
Decedent
A person who is deceased.
Joint tenancy
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.
Escheat to the state
When no heirs have made claims to either all or part of an estate, the state receives the unclaimed estate.
Codicil
An amendment to a will. It is a separate document.
Property
The money a person has and the things a person owns.
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