Estate planning — plain English.
Guides and glossary entries that explain what every term means, why it matters, and what to do about it.
5 min read
What happens if you die without a will?
More than half of American adults have no will. Here's what intestacy law does to your estate — and why it rarely matches what you'd have chosen.
Estate planning terms explained
10 terms — updated 2026
Probate
Probate is the court process for distributing a deceased person's estate. Learn what it costs, how long it takes, and how to avoid it.
Living Trust
A living trust lets your assets pass to family without probate court. Learn how it works, when you need one, and how it differs from a will.
Executor
An executor carries out your will after death. Learn what executors do, how to choose one, and why naming a backup matters.
Beneficiary
A beneficiary receives your assets after death. Learn how beneficiary designations work, why they override your will, and how to keep them current.
Power of Attorney
A power of attorney names someone to manage your finances if incapacitated. Learn the difference between durable and regular POA and why it matters.
Healthcare Directive
A healthcare directive tells doctors your wishes and names someone to make medical decisions for you. Learn how it works and why every adult needs one.
Intestate
Intestate means dying without a will. Learn how states distribute assets under intestacy laws and why everyone needs a will regardless of wealth.
Per Stirpes
Per stirpes means a deceased beneficiary's share passes to their children. Learn how this Latin term works and why it matters in your will.
Holographic Will
A holographic will is entirely handwritten and signed. Learn which states recognize them, why they're risky, and when a typed will is stronger.
Self-Proving Affidavit
A self-proving affidavit is a notarized statement that makes probate easier. Learn what it is, how to get one, and why it's worth the extra step.
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