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
- Depression Depression is a biological illness which may include sadness without any apparent cause, lack of interest, change in appetite and fatigue. Because depression is an illness, a person can't just "snap out of it."
- 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.
- Medicare A federal health insurance program for individuals 65 and over, disabled individuals under the age of 65, and those needing kidney transplants or renal dialysis. Consumers contribute to the costs of Medicare through premiums, deductibles and co-payme...