Retirement & Estate Planning Vocabulary
Flashcard
•
Other
•
10th Grade
•
Practice Problem
•
Hard
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6 questions
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1.
FLASHCARD QUESTION
Front
What is the party named by the testator to carry out the terms of the will called?
Back
Executor
2.
FLASHCARD QUESTION
Front
What is the agreement describing how assets will be managed and held for the benefit of another person?
Back
Trust
3.
FLASHCARD QUESTION
Front
A Medical Directive is:
Back
A legal document outlining a person's wishes regarding medical treatment.
4.
FLASHCARD QUESTION
Front
A Living Will is________________________ in situations where they are unable to communicate their decisions.
Back
a legal document that outlines a person's wishes regarding medical treatment
5.
FLASHCARD QUESTION
Front
A Health-Care Proxy is a legal document that allows you to:
Back
Appoint someone to make medical decisions on your behalf.
6.
FLASHCARD QUESTION
Front
A Durable Power of Attorney is:
Back
A legal document that grants someone authority to make decisions on your behalf.
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