1. Revocable Living Trust – A trust that can be amended or abandoned during the continuance of the trustor, and becomes irrevocable upon their death. 2. Living Will – A legal document that specifies an existent’s wishes for medical treatment and end- of- life care. 3. Power of Attorney – A legal document that gives an individual the authority to act on behalf of another person in fiscal or legal matters. 4. Factor – The person named in an existent’s will who's responsible for managing their estate after their death. 5. Trustee – The person or institution responsible for managing a trust’s means and distribution according to its terms and the law. 6. Devisee – The person or reality designated to admit means 7. Special requirements Trust – A trust that's created to give fiscal support for individualities with disabilities or special requirements, without affecting their eligibility for government benefits. 8. Livery Prudent Investor Act( UPIA) – A law that requires trustees to invest trust means in a manner that's both prudent and in the stylish interests of the heirs. 9. Probate – The legal process of administering an existent’s estate after their death, including validating their will and distributing their means. 10. Living Trust – A trust that's created during an existent’s continuance and can be used to manage their means during their continuance and after their death. 11. Asset Protection – The process of guarding one’s means from implicit creditors or legal judgments. 12. Charitable Remainder Annuity Trust – A trust that pays a fixed periodic income to the patron for a specified period of time, with the remainder going to a charitable association. 13. Charitable Lead Annuity Trust – A trust that pays a fixed periodic income to a charitable association for a specified period of time, with the remainder going to the patron’s heirs. 14. Livery Gift to Minors Act( UGMA) – A law that allows parents or guardians to transfer means to their children without setting up a trust or paying gift levies. 15. Health Savings Account( HSA) – A duty- advantaged account that allows individualities to save plutocrat for medical charges, with benefactions and recessions being duty-free. Exclusive Exam Prep: Success Guaranteed Bundle >>>>>https://examlabsdumps.com/aba/what-is-a-ctfa-designation/