Refers to the process of planning for what will happen to an individual's assets in the event of his/her death. This generally requires an attorney's involvement.
More Common Terms
- Elder Abuse The situation where an older adult has been abused, neglected or exploited.
- Conservator An individual or public or private agency appointed by a court to provide legal representation for an individual who can no longer manage his or her own affairs.
- Social Security A federally-administered program that provides monthly benefits to eligible workers who are either disabled or age 62 and over, and certain family members.