Glossary

A

A broad legal document that outlines an individual’s healthcare preferences should they become unable to communicate their wishes. The living will is an example of an advance directive. Other terms:Advance Decision (UK)

B

An individual or entity designated to receive assets or benefits from wills, trusts, insurance policies, or retirement accounts.

C

The process of reducing a body to ashes through intense heat, often chosen as an alternative to traditional burial.

D

The online presence, data, and digital property one leaves behind for others to manage or inherit. Check out our guide to digital legacy and what happens to your online accounts after you die!

E

A process that uses chemicals to preserve the body and delay decomposition for viewing and funeral services.

A type of insurance or surety bond required in some jurisdictions to protect beneficiaries from any misconduct by an executor.

A document that conveys personal values, life lessons, and hopes for future generations, rather than distributing assets.

A speech or written tribute delivered at a funeral or memorial service, celebrating the life of the deceased.

The person named in a will who carries out the directives of the will, ensuring debts are paid and assets are distributed properly.