Estate Terms
From TaxAlmanac, A Free Online Resource for Tax Professionals
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From TaxAlmanac
Decedent -- An individual who has died.
Intestate -- A person who dies without a valid will in place.
Per capita -- All beneficiaries receive equal portions of the estate regardless of their or their parents familial relationship to the decedent.
Per stirpes -- The distribution of assets is based on what the beneficiaries immediate ancestor would have received if they were still alive.
Testate -- A person who dies with a valid will in place.