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Wills, Probate & Estate Planning Terms

Advance Directive for Health Care/Living Will

A document stating your treatment preferences for medical care should you become ill, mentally disabled or unable to communicate your wishes.


Executor/Personal Representative

The person you designate as responsible for carrying out the arrangements specified by you in your Will. This may include filing of tax returns, hiring an attorney or accountant if necessary, paying creditors, and filing a final accounting with the Court.


Guardian

A person appointed by the court to oversee the physical and financial care of a child, a minor, or someone who is incapable of making their own decisions due to a physical or mental disability.


Instruction Directive/Living Will

A document that provides instructions for your health care treatment should you become ill, mentally disabled, or are unable to make your own decisions.


Intestate

The estate of a person who dies without a Will. If you die without a Will the laws of the State in which you were resident at the time of your death will determine who will represent your estate and to whom your assets will be distributed.


Letters Testamentary

A Court Order (from the Surrogate’s Court) allowing the executor to carry out the directives in the Will.


Proxy Directive/Durable Power of Attorney for Health Care/Medical Power of Attorney

A document that designates the person you appoint to make health care decisions for you should you become incapacitated due to severe injury, illness, mental disability, or are otherwise unable to communicate your wishes.


Power of Attorney

A document that gives authority to another person(s) to act on your behalf financially, for business purposes, or in other situations. You are the principal. The person you designate is the agent / attorney in fact


Probate

Upon death, a legal procedure which authorizes a Will as being valid. This requires going to the Surrogate’s Court in the county where the decedent lived and presenting the original Will and a death certificate.


Short Certificate

A document issued by the Surrogate’s Court, which the executor uses as proof of their appointment when they close bank accounts, transfer property, and take other actions on behalf of the estate of the decedent.


Surrogate

In each county of New Jersey, the Surrogate is the elected individual who, among other duties, validates the Will of a deceased person and sees that the Will is properly executed by the named executor.


Testamentary Guardianship

If you have a child or oversee the care of a minor or someone who is incapable of making their own decisions due to a physical or mental disability, you should name a person in your Will, referred to as the “guardian,” to take care of that minor or disabled person upon your death. The “guardian” will have custody of the minor and will be responsible for making all necessary decisions for that minor. Such decisions may include educational, financial, or medical decisions and/or helping to handle shopping and everyday care activities.


Trust

There are numerous types of trusts used in estate planning. Trusts involve a “trustee” (the person who holds money/assets) and a “beneficiary” (the person who benefits from the money/assets). The “trustor” /“grantor”/ “donor”/“settlor” is the person who generally provides the money/assets and creates the trust that provides personal or financial support to the beneficiary. A “testamentary” trust is a trust created as part of your Will and begins at your death. An “inter vivos trust” begins when you create it and continues during your lifetime or until revoked.


Will/Testament

A document that states your wishes for distribution of your property after death. No matter the size of the estate, a Will is of great importance. Not only does it specify who will carry out the terms of the Will (executor), but it ensures that your assets and property are distributed to the intended persons in the desired amounts and as otherwise directed by you.


Will Contest

The validity of a will may be contested and litigation may end up being the only method to resolve the conflict. Most often a Will contest is due to a claim that the deceased was mentally deficient or was under improper influence while making the Will.

  • 4th Annual Montgomery Township PBA Fundraiser

    The firm is a sponsor of the Police Benevolent Association’s 4th Annual Sporting Clay Fundraiser. The event takes place at Lehigh Valley Sporting Clays on April 15.

  • Children’s Home Society Honors Meta A. And William S. Griffith Foundation

    Mason, Griffin & Pierson, P.C. is pleased to support the 125th anniversary of The Children’s Home Society of New Jersey. The gala event takes place April 6th at Cherry Valley Country Club in Skillman, New Jersey. The Children’s Home Society of New Jersey is a nonprofit organization which helps at-risk children of all ages and families achieve their potential by protecting abused or neglected children and by strengthening families. In memory of Meta A. Griffith, the event will honor the Meta A. and William S. Griffith Foundation.

  • Robbinsville Township Raises Funds for Mercer Street Friends

    Robbinsville Township hosts its 2019 State of Robbinsville Township Address on April 30th. The fundraiser benefits the Mercer Street Friends “Send Hunger Packing” Program. Mercer Street Friends serves more than 20,000 families throughout Mercer County who face poverty. Its programs target education, food insecurity, parental and family wellness and youth enrichment opportunities. Mason, Griffin & Pierson, P.C. is a sponsor of the event.