1
A signed letter that provides a detailed inventory of assets and liabilities, describes personal preferences about transfers of many odd pieces of personal property, and contains funeral and burial instructions
2
Property owned by the deceased individually, such as a car, jewelry, stocks
3
The value of the next best alternative that must be forgone as a result of a decision
4
Provides a clear plan for what should happen upon the death of an individual
5
Established by a legal document called a will
6
Concept that refers to satisfaction received from time given up
7
A person or institution who derives benefits from the creation of a trust, proceeds of an insurance policy, bond, or retirement fund when the owner dies. There can be one or more beneficiaries
8
A legal document that expresses a person's wishes regarding prolonging his or her life by artificial, extraordinary, or heroic measures when death is inevitable
9
Any money that a person owes others
10
Someone entrusted with managing an estate; includes executor, guardian, conservator and trustee
11
A person or institution named in a will to carry out the settlement of an estate. This person or institution pays the debts, manages the property and later distributes it according to the provisions of the will. Also known as a Personal Representative.
12
A man or woman who makes a will
13
The person who died
14
Giving up one thing for another
15
A person legally charged with the duty of taking care of another who, because of age intellect, or health, is incapable of managing his or her own affairs
16
A non-profit organization
17
The real and personal property that a person owns
18
A useful or valuable thing, person, or quality
19
A fundamental belief or practice about what is desirable, worthwhile, and important to an individual
20
A written document representing the instructions of the deceased for the distribution of the estate
21
A lifetime transfer of property without receiving payment
