Intestate- When someone dies without a Will, it is referred to as dying "intestate". They have not declared where their "estate" (property) will go.
Power of Attorney- A power of attorney allows someone to act on your behalf or in place of yourself. A Medical Power of Attorney is drafted to specifically address Medical issues, while a Durable Power of Attorney addresses financial and/ or property issues.
Trust- A Trust can be set up in many ways to accomplish various goals. One way they are used is to have a third party (a Trustee) manage assets for one or more beneficiaries.
Trustee- The person or entity in charge of the assets in a Trust. While you are alive, you may act as Trustee. For married couples, either one or both spouses may act as Trustee or co-Trustees. The successor Trustee is an individual or corporation fiduciary whom you designate to be in charge of your Trust in the event of disability or upon death.
Will- A legally enforceable declaration of how a person wishes his or her property to be distributed after death. In a Will, a person can also recommend a guardian for his or her children.