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{"id":14821,"date":"2015-07-26T11:49:23","date_gmt":"2015-07-26T11:49:23","guid":{"rendered":"http:\/\/www.seonewswire.net\/2015\/07\/defining-common-terms-in-virginia-estate-planning\/"},"modified":"2015-07-26T11:49:23","modified_gmt":"2015-07-26T11:49:23","slug":"defining-common-terms-in-virginia-estate-planning","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2015\/07\/defining-common-terms-in-virginia-estate-planning\/","title":{"rendered":"Defining common terms in Virginia estate planning"},"content":{"rendered":"

Estate planning is a complex process, and typically involves learning some new terms and concepts. <\/p>\n

Some of the most important estate planning terms to understand include:
\n<\/strong><\/p>\n

\n
Advance medical directive<\/strong> \u2013 A document that details a person’s health care wishes in case they become incapacitated. An advance medical directive also allows the individual to name someone to make health care decisions on their behalf. <\/li>\n
Estate<\/strong> \u2013 All of the money, real property and personal property a person owns.<\/li>\n
Estate planning<\/strong> \u2013 The process of taking steps to ensure that one’s wishes are followed after death, especially regarding the distribution of one’s wealth and assets.<\/li>\n
Intestate<\/strong> \u2013 Describes someone who died without making a will. When a person dies intestate, the state distributes their estate according to established rules of inheritance. <\/li>\n
Power of attorney<\/strong> \u2013 A document which allows another person to handle one’s financial affairs in the case of incapacitation, or sometimes even before one (more…)<\/span><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"
Estate planning is a complex process, and typically involves learning some new terms and concepts. Some of the most important estate planning terms to understand include: Advance medical directive \u2013 A document that details a person’s health care wishes in…<\/span><\/p>\n
Read more ›<\/a><\/div>\n
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