Estate Planning Vocabulary

verb to leave or give (personal property) by will

• The wealthy philanthropist decided to bequeath his entire estate to charity.
• My grandmother told me she plans to bequeath her antique jewelry collection to me.
• I can't believe Uncle Joe bequeathed his classic car to his neighbor instead of his own family.
• The artist hoped to bequeath a legacy of creativity and inspiration to future generations.

noun the act of leaving or giving something by will

• The bequeathal of the estate was outlined in the will.
• She made sure to include her favorite jewelry in the bequeathal to her niece.
• I can't believe he left that old car to me in his bequeathal.
• The artist's bequeathal of his paintings to the museum was a gift to the community.

noun a gift of personal property by will

verb to leave or give by will

• The wealthy philanthropist made a generous bequest to the local hospital in his will.
• My grandmother left me a small bequest of her antique jewelry collection.
• I can't believe Uncle Joe's bequest to us was just his old record collection.
• The ancient ruins are a bequest from a long-lost civilization.

noun a supplement or addition to a will, which may modify, add to, subtract from, or revoke provisions in the will

• The lawyer drafted a codicil to amend the terms of the will.
• He added a codicil to the will to make sure his daughter received the family heirlooms.
• I had to sneak a codicil into the will to make sure my brother didn't get everything.
• Adding a codicil to the plan helped improve its overall effectiveness.

noun a person who holds a deed, typically to a piece of property

• The deedholder of the property has full ownership rights.
• The deedholder is the one who officially owns the house.
• Yo, did you hear that Mike's the deedholder now?
• As the deedholder of this project, you have the final say in all decisions.

noun a person's tendency to act in a certain way

verb to get rid of or deal with something

• It is important to properly dispose of hazardous waste in designated areas.
• Make sure to dispose of your trash in the bins provided.
• Just chuck it in the trash can, don't worry about it.
• She quickly disposed of her opponent in the debate with well-reasoned arguments.

noun a place of residence or home

• The individual declared their domicile to be in the state of California.
• She said her domicile is in the city, but I'm not sure which one.
• I heard his domicile is in the burbs, but I'm not too sure.
• Her heart found its domicile in the mountains, where she felt most at peace.

verb to involve as a necessary or inevitable part or consequence

• The new project will entail a thorough analysis of the market trends.
• Taking on this new job will entail a lot of hard work and dedication.
• If you want to ace the exam, it's going to entail hitting the books hard.
• Starting a new relationship can entail opening up your heart to someone else.

verb to involve as a necessary or inevitable part or consequence

• The new regulations entailed a complete overhaul of the company's HR policies.
• The project entails a lot of hard work, but it will be worth it in the end.
• Getting a promotion often entails sucking up to the boss.
• Starting a new business venture can entail navigating through a maze of challenges.

noun A person or institution appointed by a testator to carry out the terms of their will.

• The executor of the will is responsible for carrying out the deceased person's wishes.
• My aunt is the executor of my grandfather's estate.
• I heard that the executor of the company's layoffs is facing backlash from the employees.
• As the team captain, she acted as the executor of the coach's game plan on the field.

noun a person or entity that grants something, typically property or rights, to another party

• The grantor of the trust must ensure that all legal requirements are met.
• The grantor of the scholarship fund is my uncle, he's really generous.
• Yo, the grantor of the loan is hooking me up with a sweet deal.
• Nature can be seen as the ultimate grantor of life and death.

noun a person who inherits or has a right of inheritance in the property of another

• The eldest son is the heir to the family fortune.
• He's the one who's going to inherit everything.
• He's next in line for all the cash.
• As the chosen successor, he is the heir to the throne.

noun a thing that is inherited; a legacy

• The inheritance was divided among the siblings according to their father's will.
• I heard she got a huge inheritance from her rich aunt.
• She hit the jackpot with that inheritance!
• Knowledge is the true inheritance that we pass on to future generations.

verb Past tense of the verb inherit, which means to receive or be left with something from a predecessor, typically through a legal or familial process.

• She inherited a large estate from her wealthy grandfather.
• I inherited my mom's love for cooking.
• He inherited a sweet ride from his older brother.
• The new CEO inherited a company in financial turmoil.

verb to meddle or interfere in the affairs of others

• It is not advisable to intermeddle in matters that do not concern you.
• I wouldn't intermeddle if I were you, it could cause unnecessary trouble.
• Don't intermeddle in their business, it's none of your concern.
• Sometimes it's best to not intermeddle with the natural order of things.

noun the burial of a dead body

• The interment of the deceased will take place at the cemetery this afternoon.
• The interment ceremony will be held at the graveyard tomorrow.
• They're laying him to rest at the cemetery for the interment.
• The interment of the old traditions marked the beginning of a new era.

noun items or possessions that can be moved or transported easily

• The contract specifies the transfer of ownership for all movables within the estate.
• Make sure to pack all your movables before the moving truck arrives.
• I can't believe how much stuff she has accumulated in terms of movables.
• Her emotions were like movables, constantly shifting and changing.

noun a legal document that allows someone to act on behalf of another person in legal or financial matters

• A power of attorney is a legal document that allows someone to make decisions on your behalf.
• Hey, have you thought about getting a power of attorney in case something happens?
• Dude, you should totally get a power of attorney just in case.
• Having a power of attorney is like having a backup plan for important decisions.

noun the right of succession belonging to the firstborn child, especially the feudal rule by which the whole real estate of an intestate passed to the eldest son

• Primogeniture is the practice of passing down inheritance to the firstborn son.
• In some cultures, primogeniture means the oldest son gets everything.
• Primogeniture is like the 'oldest sibling rule' in inheritance.
• In business, primogeniture can be seen as the first idea or project to receive funding and support.

noun the official proving of a will

verb to establish the validity of a will

• The court will oversee the probate process to ensure the deceased's assets are distributed according to their will.
• My family is currently dealing with probate after my grandmother passed away.
• Dealing with probate is such a headache, it feels like it's never-ending.
• The probate process can feel like untangling a complicated web of legalities and paperwork.

noun a legal document transferring one person's interest in a property to another person

verb to release or relinquish a claim to a property

• The property owner signed a quitclaim deed to transfer ownership to the family member.
• My aunt gave me a quitclaim for her old house.
• I told my brother to just quitclaim the property to me.
• She decided to quitclaim her responsibilities and leave the project.

adjective relating to or involving the act of reverting back to a previous state or owner

• The reversionary interest in the property will pass to the next of kin upon the current owner's death.
• If I don't have any children, who will get the reversionary rights to my estate?
• I heard that the reversionary clause in the contract is a real game-changer.
• The reversionary trend in fashion seems to be making a comeback this season.

noun a person who makes a will

• The testator's last will and testament clearly outlined the distribution of their assets.
• My great aunt was the testator of the family estate.
• The testator left behind a massive inheritance for their loved ones.
• As the testator of our group project, it is important to delegate tasks efficiently.

noun the responsibilities or duties of a trustee

• The trusteeship of the organization was handed over to a new board of trustees.
• I heard that John got the trusteeship for the charity group.
• She's been holding onto the trusteeship for years, nobody else stands a chance.
• Taking on the trusteeship of the project felt like carrying the weight of the world on my shoulders.

noun A legal agreement made between spouses after marriage that outlines the division of assets and liabilities in the event of divorce or death.

• The couple decided to draft a postnuptial agreement to outline their financial responsibilities in case of a divorce.
• After their big fight, they quickly put together a postnuptial agreement to settle things.
• They drew up a postnup to make sure they both got what they wanted if things went south.
• Their postnuptial agreement was like a safety net, ensuring they were both protected financially.

noun a person's grandchild by marriage rather than by blood

• The family reunion included all the step-grandchildren from both sides of the family.
• My step-grandchild is coming over for the weekend, so I need to prepare some activities for us to do together.
• I never thought I'd be a step-grandparent at this age, but life is full of surprises.
• Being a step-grandparent has opened up a whole new chapter in my life, filled with love and joy.

verb to take effect or become valid; to come into force

• The new policy is designed to enure compliance with industry regulations.
• Regular exercise will enure you stay healthy.
• Don't worry, I'll enure that we have a good time at the party.
• The strong foundation of their relationship will enure their success in the future.

noun A type of marriage that is recognized in some jurisdictions based on the couple's cohabitation and holding themselves out as a married couple without a formal ceremony or marriage license.

• In some jurisdictions, a common law marriage is recognized as a legal marriage without the need for a formal ceremony.
• They've been living together for so long, it's basically a common law marriage at this point.
• They're not officially married, but they have a common law thing going on.
• Their partnership is like a common law marriage - not legally binding, but just as committed.

noun a person who shares ownership of a property with one or more other individuals

• The coproprietor of the property had to sign off on all major decisions.
• My sister is a coproprietor of the family business.
• The coproprietors of the apartment complex are throwing a party tonight.
• As coproprietors of the project, they had equal say in how it was managed.

noun a person who has died

• The decedent's estate will be distributed according to their will.
• The decedent's family is still grieving their loss.
• I heard the decedent was loaded, wonder who gets their money now.
• The decedent's legacy lives on through their charitable contributions.

noun the reversion of property to the state in the absence of legal heirs or claimants

verb to revert to the state in the absence of legal heirs or claimants

• Escheat is the process by which unclaimed property reverts to the state.
• If you don't claim your inheritance, it could escheat to the government.
• I heard if you don't pick up your stuff, it'll escheat to the state.
• The abandoned house seemed to escheat back to nature, with vines growing over the walls and windows.

noun a female executor, especially of a will

• The executrix of the estate was responsible for carrying out the deceased's wishes as outlined in the will.
• My aunt is the executrix of my grandmother's will, so she's in charge of distributing the assets.
• I heard Sally got stuck being the executrix for her friend's estate - what a tough job!
• As the executrix of the project, she had to make sure all the details were in order before presenting it to the client.

noun A word that represents a person, place, thing, or idea.

adjective A word that describes or modifies a noun.

• The property was owned in absolute fee simple, giving the owner full rights to use, sell, or transfer the land.
• He inherited the land in absolute fee simple, so he can do whatever he wants with it.
• She basically owns that place in absolute fee simple, so she's the boss.
• Having the key to the city felt like being granted absolute fee simple over the entire town.

noun a plural form of the noun administratrix, which refers to a female administrator or executor of an estate

• The board of directors appointed two administratrices to oversee the company's financial operations.
• The administratrices are in charge of handling all the paperwork for the event.
• I heard the administratrices are the ones who really run the show behind the scenes.
• In a way, the administratrices act as the gatekeepers of the organization, ensuring everything runs smoothly.

noun There is no specific definition for 'admrx' as a noun

verb There is no specific definition for 'admrx' as a verb

adjective There is no specific definition for 'admrx' as an adjective

adverb There is no specific definition for 'admrx' as an adverb

pronoun There is no specific definition for 'admrx' as a pronoun

preposition There is no specific definition for 'admrx' as a preposition

conjunction There is no specific definition for 'admrx' as a conjunction

interjection There is no specific definition for 'admrx' as an interjection

article There is no specific definition for 'admrx' as an article

• The admrx of the company was responsible for overseeing all financial operations.
• I heard the admrx is really strict when it comes to deadlines.
• The new admrx seems pretty chill, I think we'll get along well.
• She was the admrx of her friend group, always making sure everyone was taken care of.