Glossary

In Wills and Powers of Attorney

The law uses the term “real property” for property such as land, houses, or other buildings. It’s often called “real estate”.

In Wills and Powers of Attorney

Residue is what’s left of your estate after taxes, debts, specific bequests, and legacies are paid.

In Wills and Powers of Attorney

When a will or Power of Attorney is cancelled or revoked, it’s no longer valid. It’s as if you never made it. If you do certain things, your will or Power of Attorney is automatically revoked. For example, your will is revoked if you destroy it. And your Power of Attorney is revoked if you make a Notice of Revocation or a new Power of Attorney.