The process by which an individual considers the extent of his or her assets, health, family situation, and post-death desires, and implements a plan to achieve the individual's post-mortem objectives.
A fiduciary relationship with respect to property, in which one person (trustee) holds property for the benefit of another person (beneficiary) with specific duties attaching to the way the trustee deals with the property.
An instrument or declaration by which one directs the disposition of one's property after death. A document that attempts to distribute an estate.
A written document where one person (principal) appoints another (attorney-in-fact/agent) to handle some or all of one's property and financial affairs. Ends at the principal's death or incapacity.
A statement of intent usually regarding life-sustaining treatment in the event of terminal illness or permanent incapacity; it is just a directive, without appointing a person as agent to make the decision when the time comes.