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Personal Representative
An individual appointed to manage and distribute the estate of a deceased person in accordance with their will or state law.
Bond
A long-term debt security that is secured by collateral.
Estate Value
The total net worth of an individual's assets at the time of their death, after deducting debts and liabilities.
Joint Tenants
Co-owners of property who have equal shares and rights in the property, with a right of survivorship.
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