|
Today's Terms
Payable on death account (POD)
Definition:
An account, such as a bank account, that is handed over to a specified person upon another person's death.
Guardian
Definition:
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.
Attorney-in-fact
Definition:
This person receives the powers allocated in a power of attorney, such as a right to handle another person's financial matters.
More Probate Terms >
|