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Vocab chapter 15 FP Crossword
Down
:
1) A trust established by the creator's will that becomes effective upon his or her death.
3) A document that modifies provisions in an existing will.
4) A definite plan for the administration and disposition of one's property during one's lifetime and at one's death.
5) A handwritten will.
7) A legal document authorizing someone to act on one's behalf.
11) The creator of a trust; also called the grantor.
12) Without a valid will.
14) A person who assumes responsibility for providing children with personal care and managing the deceased's estate for them.
16) The legal declaration of a person's mind as to the disposition of his or her property after death.
18) A legal agreement that provides for the management and control of assets by one party for the benefit of another.
Across
:
2) A person designated to receive something, such as life insurance proceeds, from the insured.
6) A will that is usually prepared with an attorney's assistance.
8) The legal procedure of proving a valid or invalid will.
9) A documentary agreement between spouses before marriage.
10) A document that enables an individual, while well, to express the intention that life be allowed to end (i.e., no extraordinary medical measures or life support equipment be used) if he or she becomes terminally ill.
13) A will made in the presence of a notary and at least one witness, and that does not require probate. Available only in Quebec.
15) A financially independent firm that acts as the bondholders' representative.
17) A trust that is created and provides benefits during the settlor's lifetime.
19) Everything one owns.
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