Skip to content 
A person or entity designated to receive assets from an estate.
A gift left to someone in a will.
A document that amends, rather than replaces, a previously executed will.
A person who has died.
A legal document that grants someone authority to act on your behalf in financial or medical matters if you become incapacitated.
An individual appointed to administer the estate of a deceased person.
A person who has the legal responsibility to act in the best interest of another person, such as an executor or trustee.
The person who establishes a trust.
People or organizations that are specified in a trust or will that are designated to receive part of a deceased person’s estate.
A person who establishes a trust. Also commonly referred to as “settlor” or “trustor.”
Legal responsibility for the care of a minor or incapacitated adult.
A person legally entitled to inherit some or all of the estate of another person who has died without a will.
Dying without a valid will.
A trust created during a person’s lifetime to manage their assets.
A document specifying what medical treatment a person wants or does not want if they become incapacitated.
The legal process of administering the estate of a deceased person.
A trust that can be altered or terminated by the grantor during their lifetime.
A person who has made a legally valid will.
An individual or organization that manages a trust.
A legal document that sets forth how a person wants their property distributed after death.
A document filed with a government body to legally document the creation of a corporation.
Rules governing the internal management of an organization.
A type of corporation that is taxed separately from its owners.
A document filed to legally establish a limited liability company (LLC).
The process of legally dissolving a business entity.
A unique identifier assigned by the IRS for business entities.
A business model in which a business owner licenses trademarks and methods to an independent entrepreneur.
A business arrangement where two or more parties agree to pool their resources for a specific task.
A business structure that offers limited liability protection and pass-through taxation.
An agreement among LLC members governing the LLC’s operations and member relationships.
A business arrangement in which two or more individuals share ownership and operation responsibilities.
A type of corporation that meets specific IRS requirements to be taxed as a pass-through entity.
An individual or entity that owns shares in a corporation.
A business owned and operated by a single individual.
A type of security that signifies ownership in a corporation.
A symbol, word, or words legally registered or established by use as representing a company or product.
The process of one company purchasing most or all of another company’s shares to gain control.
The combination of one or more companies into a new entity.
Buying a company’s assets instead of its shares.
The process of investigating and evaluating a business opportunity.
A merger between companies that operate in the same industry.
An acquisition in which the target company does not wish to be acquired.
The acquisition of a company using a significant amount of borrowed money.
The combination of two companies into one.
A merger in which a private company becomes a public company by acquiring an existing public company.
A method of acquiring control of a company by exchanging its shares for the shares of the acquiring company.
The concept that the combined value and performance of two companies will be greater than the sum of the separate individual parts.
The acquisition of one company by another.
A merger between companies that operate at different stages of the production process.
