// Preserving Wealth Across Generations
Estate Planning Jargons Explained
Let’s Talk About Estate Planning – It’s Easier Than You Think!
20th July, 2026
Estate planning might sound like something only for the super-rich or lawyers, but it’s actually something everyone should consider. I know, I know, it can seem a bit daunting with all the legal jargon thrown around. But don’t worry, I’m here to break it down for you in simple terms. Let’s dive into some of the key terms you’ll come across in estate planning.
1. Testator
Ever heard of a testator? It’s just a fancy term for the person who makes a Will. So, if you’re writing a Will, congratulations, you’re a testator!
2. Will
A Will is a legal document where you outline how you want your assets divided up after you’re gone. You can also name guardians for your kids and leave specific instructions for other important matters.
3. Executor
The Executor is the person you trust to carry out your Will. They’ll handle everything from paying off debts to distributing your assets. Think of them as the manager of your estate after you’re gone.
4. Beneficiary
A Beneficiary is anyone who gets something from your estate. This could be your family, friends, or even a charity you love.
5. Probate
Probate is the legal process of verifying your Will and making sure everything gets distributed correctly. In Singapore, the Probate Registry of the Family Justice Courts takes care of this.
6. Intestate
If you die without a Will, it’s called dying intestate. When this happens, your assets are distributed according to Singapore’s Intestate Succession Act, which might not be what you wanted.
7. Trust
A Trust is a way to manage your assets by transferring them to a trustee for the benefit of your beneficiaries. Trusts can help protect your assets and even reduce estate taxes.
8. Trustee
The Trustee is the person or entity you appoint to manage the trust. They have a legal duty to act in the best interests of your beneficiaries.
9. Lasting Power of Attorney (LPA)
An LPA is a document that lets you appoint someone to make decisions for you if you can’t make them yourself. This includes personal welfare and financial matters.
10. Advanced Medical Directive (AMD)
An AMD lets you state your wishes about medical treatment if you’re terminally ill and can’t communicate. It’s a way to make sure your preferences are known.
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