Estate Planning

noun a fixed sum of money paid to someone each year, typically for the rest of their life

• An annuity is a financial product that provides a series of payments over a predetermined period of time.
• My grandparents receive an annuity every month from their retirement fund.
• I heard that investing in annuities is a smart move for long-term financial stability.
• The steady stream of income from the annuity acted as a safety net during tough times.

noun A person who has the legal authority and responsibility to care for someone, especially a child

adjective Relating to or characteristic of a guardian

• The guardian of the child is responsible for their well-being.
• My cousin is like a guardian to me, always looking out for my best interests.
• Dude, my older sister is my OG guardian when our parents are out of town.
• The lighthouse served as a guardian, guiding ships safely to shore in the stormy seas.

noun the right to use and enjoy the profits and advantages of something belonging to another as long as the property is not damaged or altered in any way

• The usufruct of the property was granted to the tenant for a specified period of time.
• The landlord allowed the tenant to use the property for a while.
• The landlord let the tenant crash at the place for a bit.
• She had the usufruct of the company's resources to complete her project.