Conservator: An entity, typically the Federal Deposit Insurance Corporation, that may be appointed to take legal control over a financial institution and all of its assets…
Durable Power of Attorney: A General Power of Attorney may be revoked by either the principal or the attorney-in-fact (the agent). A general power of attorney is also terminated if the principal dies or becomes incompetent…
Executor: A person appointed by the probate court to carry out the terms of a will. The term is “executrix” if that person is a woman. Also called “Personal Representative.”
Guardian: One appointed by the court to administer the affairs of an individual not capable of administering his or her own affairs…
Power of Attorney: A Power of Attorney is a written document wherein an individual (the principal) designates an agent to act on his behalf. The agent is referred to as the attorney-in-fact…