San Antonio TX Social Security Disability Lawyers

Estate Planning Glossary

Heard & Smith LLP - Client Testimonials
�Thanks to Heard & Smith we are now able to pay our bills and that is more awesome than you can believe. It was quick and painless. I would absolutely recommend H&S and I would tell people how professional, quick, and resourceful you all were, absolutely amazing.�
-- Mr. and Mrs. Robert Doran of Tacoma, Washington
�If you want to get your disability approved, Heard & Smith are the people to go to. I got results quickly, without a lot of delays.�
-- William Jones of Texas

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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z #

Click on the first letter of the word from the list above to go to the appropriate section of the glossary.


AB Trust: A trust designed to make sure the personal estate tax exemption of each spouse is used to the fullest extent possible, while allowing the surviving spouse to have use of the assets of the deceased spouse during the remainder of the surviving spouse's lifetime.

Administrator: An individual or an entity appointed by the court to handle the affairs of a person who has died without leaving a will.

Annual exclusion: An individual can give away a certain amount per recipient per year without gift taxes. Not all gifts qualify for the annual exclusion; only outright gifts or gifts to certain types of trusts qualify.

Assets: Things of value owned by a person, family, or business. Assets can be anything of value that is owned by a person.

Attorney-in-Fact: An individual designated in a power of attorney document, to act as the agent of the person who has executed the document.