Resources & Education

Understanding Your Estate Plan

Plain-language guides to help Missouri families make confident decisions about wills, trusts, probate, and powers of attorney — before you ever walk through our door.

Plain-Language Guides

What Every Missouri Family Should Know

Glossary

Estate Planning Terms Defined

Beneficiary

A person or entity named to receive assets from a will, trust, life insurance policy, or retirement account.

Decedent

The person who has died and whose estate is being administered.

Executor / Personal Representative

The person named in a will (or appointed by the court) to manage and distribute the estate.

Fiduciary

A person with a legal duty to act in another's best interest — trustees, executors, and agents under a POA are all fiduciaries.

Grantor / Settlor

The person who creates and funds a trust.

Intestate

Dying without a valid will. Missouri's intestacy laws then determine who inherits.

Letters Testamentary

A court document authorizing the personal representative to act on behalf of the estate.

Probate

The court-supervised process of validating a will, paying debts, and distributing assets.

Trustee

The person or institution responsible for managing trust assets according to the trust document.

Pour-Over Will

A will that directs any assets not already in your trust to 'pour over' into it at death — ensuring everything ends up in one place.

Frequently Asked Questions

Common Questions, Straight Answers

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