One appointed by the court to manage an estate when he/she dies without leaving a will. Also known as an executor.

A fixed sum of money which is paid yearly or at regular intervals.

Property that has increased in value, such as real estate or stocks.

A person(s) or entity designated to receive some form of benefit from a legal will or contract from the deceased such as an insurance policy or estate.

The leaving of something such as personal property or any other assets through a will.

The transferring of gifts (cash or other assets) to a charitable organization with the promise that the organization will pay you an annuity for a set term or life.

A charitable organization is designated as the beneficiary of a trust's assets.

An addition to a will modifying, explaining or changing the terms of or otherwise qualifying the terms of the will.

The original value of a sum of money one invests into a particular fund or security before appreciation or depreciation.