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Estate Planning – Part 2 – Terms to Know

We know it can sometimes feel like a foreign language when addressing legal matters. Below are terms and acronyms commonly used in estate planning:

  • Will: Last Will and Testament.
  • Personal Representative: The person named in a Will to act on your behalf; also can be called an “Estate Trustee”.
  • Executor and Executrix: The older gendered terms for the person named in a Will to act on your behalf.
  • POA: Short for Power of Attorney.
  • Donor: In your own POA you are a “Donor” because you are giving the authority to act.
  • Attorney: The person named in a POA to act on your behalf.
  • PD: A Personal Directive is called a “PD” or sometimes a “PCD” because it concerns your Personal Care decisions.
  • Delegate: The person named in a PD to act on your behalf.
  • Guardian: The person named in a Guardianship Appointment to look after the person and/or property of your child.
  • Trustee: A person or company that holds and administers assets for the benefit of a third party and can be named in a variety of estate planning documents.
  • ACDMA: Adult Capacity and Decision-making Act.
  • HOTDA: Human Organ and Tissue Donation Act.
  • MAiD: Medical Assistance in Dying.

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