Dec 9, 2013 | Estate Planning Glossary, Glossary
A person who has been appointed by a judge to take care of a minor child or incompetent adult (both called “ward”) personally and/or manage that person’s affairs. To become a guardian of a child either the party intending to be the guardian or...Dec 9, 2013 | Corporate Glossary, Estate Planning Glossary, Glossary, Litigation Glossary
Director, officer, or person in control of the debtor; a partnership in which the debtor is a general partner; a general partner of the debtor; or a relative of a general partner, director, officer, or person in control of the debtor.Dec 9, 2013 | Corporate Glossary, Estate Planning Glossary, Glossary, Transactional Glossary
Any relative of the debtor or of a general partner of the debtor; partnership in which the debtor is a general partner; general partner of the debtor; or corporation of which the debtor is a director, officer, or person in control.Dec 9, 2013 | Estate Planning Glossary, Glossary
Referring to a situation where a person dies without leaving a valid will. This usually is voiced as “he died intestate,” “intestate estate,” or “intestate succession.”Dec 9, 2013 | Estate Planning Glossary, Glossary
The distribution when a person dies without leaving a valid will and the spouse and heirs will take (receive the possessions) by the laws of descent and distribution and marital rights in the estate which may apply to a surviving spouse. Collectively these are called...Dec 9, 2013 | Estate Planning Glossary, Glossary
A document issued by the court clerk which states the authority of the administrator of an estate of a person who has died, when there is no will or no available executor named by a will and an administrator has been appointed by the court. It is issued during probate...