A (5) | B (2) | C (2) | D (3) | E (3) | F (1) | G (3) | H (4) | I (6) | J (1) | L (3) | M (2) | N (2) | O (2) | P (8) | R (4) | S (2) | T (4) | U (1) | V (1) | W (1)
Titlesort descending
Accelerated Death Benefit
Provides financial assistance if you become diagnosed with a terminal illness.
Accidental Death Benefit (Double Indemnity)
Your beneficiaries receive an additional payout, often double the amount they’d normally receive, if your death occurs as the result of an accident.
Accountable Care Organization (ACO)
A network of hospitals and health care providers that treat Medicare patients based on shared responsibility, ideally resulting in more integrated and lower-cost care.
Advance Directive
A legally-binding statement for how you would like to be treated at the end of your life. Consists of two parts: naming a Healthcare Proxy and creating a Living Will.
Assisted Living
When you can manage your own care but need access to medical assistance and occasional help with activities of daily living.
Beneficiary
The person or people who ultimately receive the property or assets in a Will, Trust or Life Insurance policy.
Bequest
A gift of an item of personal property (that’s anything but real estate) made at death.
Cardiopulmonary resuscitation (CPR)
A procedure to keep the heart beating and oxygen flowing until more advanced life-saving techniques can be administered.
Contingent Beneficiary
The person or people who gets the Life Insurance money if your primary beneficiary isn’t alive if/when you die.
Digital Estate
All your digital assets like email, social media accounts, online photos, etc…
Do Not Resuscitate (DNR)
A form you fill out with your doctor when you don’t want CPR or similar life-saving treatments if your heart or breathing stops.
Durable POA
This goes into effect the moment the paperwork is signed and kicks in if you’re deemed mentally incompetent.
Estate
A fancy way of saying “all the stuff you own.”
Ethical Will
A non-legal but personal “letter to your family” explaining your decisions, values, recipes, and whatever else you believe is important for them to know.
Executor
Person who has to make sure all the stuff in your Will gets done.
Family Income Benefit Rider
This is geared towards growing families and provides monthly income for a set number of months in addition to death benefits.
Grantor
The person who creates the trust (also known as “donor,” “settlor,” or “trustor”)
Guardian
If you have kids or dependents under 18 this is the person or people who get them.
Guardian of Estate
The person or people who handle the money you leave for your kids.
Health Care Proxy (a.k.a. Health Care Power of Attorney)
A person who can make health care decisions on your behalf should you no longer be able to do so.
Home Care Aides (HCA)
Non-certified people who provide help with household duties and general care.
Home Health Aides (HHA)
People who've received formal medical training (usually certified nursing assistants) and can provide basic healthcare services.
Hospice
Provides comfort and dignity to patients at the end of life. It often takes place in the patient’s home and includes pain and symptom management and providing support to the patient and the family.
In-home care (a.k.a. Home Health Care)
When you want to live at home but need some help with activities of daily living. This often requires modifications to your current residence.
Intangible Personal Property
Stuff such as stocks, bonds, and other forms of business ownership, as well as intellectual property, royalties, patents, and copyrights, etc...
Intestacy Laws
How the courts determine who gets all the assets and property when you die without a Will. (Note: This varies from state-to-state.)
Intestate
When a person dies without a Will.
Irrevocable Life Insurance Trust (ILIT)
This is used to avoid estate taxes on insurance payouts.
Irrevocable Trust
A trust that can't be modified or terminated without the permission of the beneficiary. Once property is in this trust it’s no longer yours. It’s the trusts’.
Joint Tenancy
Any property you own equally with someone else. Example: A house you own with your spouse. (That rhymes!)
Living Trusts
When a trust is immediately effective upon creation.
Living Will
This addresses the types of medical treatments you want, and the types you don’t want, if you’re suffering from a terminal or progressive illness, if you’re ill and unlikely to recover, or if you’re in a coma.
Long-Term Care Insurance (LTC)
Provides care and services if you should become unable to manage your own care due to disabling medical, physical, or cognitive conditions.
Medicaid
Federal and state-funded program offering health care for the needy regardless of age.
Medicare
Government administered health insurance for people over 65.
Non-Durable POA
This is used when you need someone to take care of a specific financial or legal goal and expires if or when you’re declared mentally incompetent.
Nursing Home
When you need a high level of medical care--there are doctors or nurses on the premises at all times--in addition to help with activities of daily living.
Organ Procurement and Transplantation Network (OPTN)
The unified transplant network established by the United States Congress under the National Organ Transplant Act (NOTA) of 1984.
Organ Procurement Organization (OPO)
Private non-profit organizations tasked with increasing the number of registered donors, and coordinating the donation process when donors become available.
Palliative Care
Care for people with serious illnesses that focuses on relieving pain and other symptoms, and improving the comfort and quality of life.
Permanent Insurance
Also known as “Whole Life” never expires. You either pay it all at once, which is very expensive, or in installments, which is also very expensive, but it lasts forever.
Physicians Orders for Life Sustaining Treatment (POLST)
A legal document for people with advanced progressive illnesses that specifies the type of care a person would like in an emergency medical situation. It also goes by: MOST, MOLST, POST and TPOPP.
Pour-Over Will
This funnels any assets in your name into an already-created trust when you die. This can help speed up the Probate process.
Power of Attorney (POA)
A person who handles all your legal and financial matters if you’re unable to do it yourself.
Premium
Monthly or annual fees you pay to keep your insurance policy alive.
Principal
The property or assets themselves, including money, which is held in the trust and managed by the trustee.
Probate
The process when the court verifies the legality of the will and confirms the executor for the estate. It’s about as exciting as it sounds, and can take months or years, but once it’s done you can get down to business.
Residuary Beneficiary
The person who takes charge over all the remaining assets you don’t leave to named specific people.
Residuary Estate
All the extra stuff left over from your estate you don’t think is worth listing out separately. (Example: Stereo system, end table, power saw, lamp shaped like a tiger…)
Revocable Trust
A trust that can be modified or terminated at any time during your life.
Riders
Additional provisions added in, usually at a cost, that customize a standard policy. It’s like adding power windows and heated seats to the car. It’s not necessary but makes it a lot more comfy.
Springing POA
This “springs” into action if you become seriously ill or injured.
Successor Trustee
If the Primary Trustee you name isn’t able to serve as trustee for any reason, this person steps up and does it.
Term Insurance
This covers you for a set amount of time. If you have a 20-year plan, and you keep up payment and die within those 20 years, then it pays out.
Testamentary Trusts
A trust that doesn’t become effective until after death.
Trustee
The person, people, or entity (such as a bank) that holds the Trust property or assets with a legal obligation to administer it solely for the purposes specified.
Trusts
A place where you put money or assets to protect it from taxes, or keep it safe for minors and irresponsible spenders.
Unproductive Property
Stuff such as cars, artwork, jewelry, and furniture, etc...
Ventilator or Respirator
A machine that helps you breathe.
Will (a.k.a. Last Will and Testament)
A legal document specifying what should be done with your property after you die.