Skip to Main Content
It looks like you're using Internet Explorer 11 or older. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. If you continue with this browser, you may see unexpected results.
800 N. Harvey Oklahoma City, OK 73102 405.208.5271
This guide will provide you with a basic list and description of various print and online resources related to wills, trusts, and estate planning. Each section will contain both national and Oklahoma resources.
Black's Law Dictionary - Definitions
The list below defines common estate planning terms.
- The right, enforceable solely in equity, to the beneficial enjoyment of property to which another person holds the legal title; a property interest held by one person (the trustee) at the request of another (the settlor) for the benefit of a third party (the beneficiary). • For a trust to be valid, it must involve specific property, reflect the settlor's intent, and be created for a lawful purpose. The two primary types of trusts are private trusts and charitable trusts."Black’s Law Dictionary (9th ed. 2009), available at Westlaw BLACKS.
- The legal expression of an individual's wishes about the disposition of his or her property after death; esp., a document by which a person directs his or her estate to be distributed upon death <there was no mention of his estranged brother in the will>. — Also termed testament; will and testament; (archaically)testamentary instrument." Black’s Law Dictionary (9th ed. 2009), available at Westlaw BLACKS.
- The preparation for the distribution and management of a person's estate at death through the use of wills, trusts, insurance policies, and other arrangements, esp. to reduce administration costs and transfer-tax liability. Black’s Law Dictionary (9th ed. 2009), available at Westlaw BLACKS.
- A branch of law that involves the arrangement of a person's estate, taking into account the laws of wills, taxes, insurance, property, and trusts." Black’s Law Dictionary (9th ed. 2009), available at Westlaw BLACKS.
- Loosely, a personal representative's actions in handling a decedent's estate. Black’s Law Dictionary (9th ed. 2009), available at Westlaw BLACKS.