List of estate planning terms

List of estate planning terms, with linked definitions, can help explain the terminology associated with this area of personal finance. Estate planning is an often complex, but essential, component to a comprehensive financial plan.

Definitions of estate planning terminology

General terms

Term	Investopedia definition
Estate planning	link
Estate tax	link
Gift tax	link
Living will	link
Marital deduction	link
Power of Attorney - PoA	link
Taxable estate	link

The parties involved

Term	Investopedia definition
Beneficiary	link
Executor	link
Grantor	link
Guardian	link
Heir	link
Trustee	link

Wills and probate

Term	Investopedia definition
Escheat	link
Intestate	link
Pour over will	link
Probate	link
Transfer on Death - ToD	link
Will	link

Trusts

Term	Investopedia definition
Charitable Lead Trust - CLT	link
Charitable Remainder Trust CRT	link
Credit Shelter Trust - CST	link
Crummey power	link
Family Limited Partnership - FLP	link
Generation-Skipping Trust - GST	link
Grantor Retained Annuity Trust - GRAT	link
Inter Vivos trust	link
Irrevocable trust	link
Qualified disclaimer	link
Qualified Terminable Interest Property Trust - QTIP	link
Revocable trust	link
Testamentary trust	link
Trust	link

See also

• Estate and inheritance tax
• Probate
• Charitable Giving

External links

Estate planning Estate planning Asset protection • Asset titling in the United States • Estate planning • Family strategic planning • Probate • Thrift Savings Plan estate planng • List of estate planning terms • List of US state probate courts Tax issues Estate and inheritance tax • Generation-skipping transfer tax • Income in respect of a decedent • Step-up in basis IRA inheritance Inheriting an IRA • Inheriting a Roth IRA • IRA distribution tables Annuity issues Fixed annuity • Variable annuity • Immediate fixed annuity (SPIA) • Immediate variable annuity Charitable issues Charity selection links • Charitable gift annuity • Charitable lead trust • Charitable remainder trust • Charitable pooled income fund • Donor advised fund