Complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The personal representative (executor or administrator) of the estate is responsible for filing the inventory.

The distribution of property when a person dies without leaving a valid will. The spouse and heirs will take by the laws of descent and distribution. Missouri’s general rules for intestate succession are found at R.S.Mo. 474.010.

A situation where a person dies without leaving a valid will.

The person appointed to administer the estate of a person who has died leaving a will which nominates that person.

The estate tax is a tax imposed on the property and assets that an individual leaves behind or transfers at death. Under 2013 laws, the first $5.25 million of the estate is exempt from the tax.  Additionally, the exemption is “portable” between spouses, meaning a married couple can pass up to $10.5 million to beneficiaries without incurring any estate taxes.

A person who is a blood relative in the direct line to an ancestor, such as child, grandchild, great-grandchild and on forever. Also known as a lineal descendant. Compare – collateral descendant, a relative descended from a brother or sister of an ancestor.

The person who has died, sometimes referred to as the “deceased.”

The act of mixing, sharing or pooling of funds belonging to one party with those of another party. Commingling of trust funds, personal and business funds, or principal and agent’s funds is generally prohibited under Missouri law.

Debts and Creditor’s claims filed against estates.

Any person or entity who is to receive assets, profits or other benefits from an estate, trust, insurance policy, or any instrument, contract or account in which there is distribution. Trust beneficiaries are also known as cestui que use or cestui que trust.