A person appointed by a court to identify and gather assets, pay bills and taxes, distribute an estate to heirs, and otherwise manage the estate of a person who dies intestate.

See Administrator.

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

Personal property given to another by Will.

A document which adds to or changes a Will. Its execution must comply with the formalities required for the execution of a Will.

A deceased person.

An interest in all types of assets, including real and personal property. This is generally used to describe the property of a decedent.

The tax paid by the administrator or executor of a decedent's estate out of the assets of the estate itself. Taxes may be due to the state or federal government, depending upon the date of death, value of the estate, and relationship of the beneficiaries to the decedent.

The person designated in a Will to manage one?s estate

See Executor.

Guardian

A person entitled to inherit a portion of the estate of a person who has died intestate.

In accordance with recent Louisiana law, an administrator or executor with the power to sell or transfer property on behalf of an estate without court approval.

without a Will.

A transfer of personal property by a Will.

A trust which goes into effect while the settler is alive.

A document which authorizes a person to act as another's agent in financial or business matters.

The proving of the validity of a Will in court.

The person who establishes and transfers property into a trust.

The estate of the decedent as well as the act of determining and transferring the estate and rights to the heirs or legatees.

A Will.

A trust created pursuant to a Will, which comes into existence only after the testator's death.

Dying with a Will.

The individual making a Will.

See Testator.

A legal relationship where property is transferred to and managed by one person or institution for the benefit of another.

The person or institution entrusted with the duty of managing finances and property placed in trust either before or after death.

The person designated in a Will to be the legal adult in charge of the person of a minor. This can be the same individual or a different one than the Trustee.

See Tutor.