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	<title>Texas Legal Wills &#187; legal guardian</title>
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	<description>Texas Legal Wills - Estate Planning In Texas for Wills, Trusts, Probate, Online Wills</description>
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		<title>Estate Planning &#8211; Terms</title>
		<link>http://texaswills.com/estate-planning-terms/</link>
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		<pubDate>Mon, 02 Feb 2009 07:53:17 +0000</pubDate>
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				<category><![CDATA[Estate Planning]]></category>
		<category><![CDATA[Texas Estate Planning]]></category>
		<category><![CDATA[bequest]]></category>
		<category><![CDATA[codicil]]></category>
		<category><![CDATA[Estate Planning Terms]]></category>
		<category><![CDATA[executor]]></category>
		<category><![CDATA[intestate]]></category>
		<category><![CDATA[legal guardian]]></category>
		<category><![CDATA[living will]]></category>
		<category><![CDATA[probate]]></category>
		<category><![CDATA[testate]]></category>
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		<description><![CDATA[Last Will &#038; Testament &#8211; Terms and Definitions Will: A legal document that dictates the rights and distribution of the person’s (the testator) property or family after death. A Will is also known as a Last Will and Testament. Testator: The person making the Will Estate: All of the real and personal property owned by [...]]]></description>
			<content:encoded><![CDATA[<h3>Last Will &#038; Testament &#8211; Terms and Definitions</h3>
<p><strong>Will</strong>: A legal document that dictates the rights and distribution of the person’s (the testator) property or family after death. A Will is also known as a <em>Last Will and Testament</em>.</p>
<p><strong>Testator</strong>: The person making the Will</p>
<p><strong>Estate</strong>: All of the real and personal property owned by the person at the time of death.</p>
<p><strong>Real Property</strong>: Land and improvements located on the land, oil, gas and mineral rights.</p>
<p><strong>Personal Property</strong>: All property other than <em>real property </em>including cash and bank accounts, household furnishing, motor vehicles, stocks and bonds, life insurance policies and government, retirement or employee benefits.</p>
<p><strong>Probate</strong>: The legal process of settling the estate of a deceased person.</p>
<p><strong>Bequest</strong>: A gift in the form of <em>personal property</em>.</p>
<p><strong>Executor</strong>: The person that is designated to administer the estate according to the whished outlined in the will. An executor is also known as a <em>personal representative</em>.</p>
<p><strong>Legal Guardian</strong>: The person that has the legal authority and responsibilities to care for minor children after the death of parents.</p>
<p><strong>Codicil</strong>: An amendment to a will</p>
<p><strong>Intestate</strong>: A person that has NOT created a will prior to death is said to be <em>intestate</em>.</p>
<p><strong>Testate</strong>: A person that HAS created a will prior to death is <em>testate</em>.</p>
<p><strong>Living Will</strong>: A legal document that expresses the wishes regarding medical decisions to be executed when the author is incapacitated and unable to act on their own behalf.</p>
<p><a href="http://www.automaticpersonalfinance.com/">articles about personal finance</a></p>
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