Glossary

Many people know very little about trustAn arrangement in which property interests are legally held by one person (the trustee) at the request of another (the settlor) for the benefit of a third party (the beneficiary). or probateThe legal proceeding by which a decedent’s testamentary document, such as a will, is proven to be valid, and the subsequent procedure of administering the decedent’s estate. matters, and they can easily get overwhelmed by the specialized jargon. This glossary on trust and probate terminology explains many of the legal terms that are used in trust and probate matters.