TANGIBLE PERSONAL PROPERTY - In an Estate, Tangible Personal Property is anything physical that can be touched, moved, or consumed and is not real estate (like land or buildings). It includes a wide range of "stuff" a person owns, such as furniture, vehicles, jewelry, clothing, collectibles, pets, and even items for personal or business use. It excludes intangible assets like cash, bank accounts, stocks, bonds, and intellectual property, as these are not physical objects.

TESTAMENTARY TRUST – A Trust that is part of one’s Last Will and Testament.  A Testamentary Trust is dormant until the Testator’s death.  Then the Trust is used to accept the Residuary Distribution from the Probate Estate and distribute the assets as the Trust dictates.

TESTATOR - A Testator is a person who creates a valid Last Will and Testament.  The term Testator refers to the male gender.

TESTATRIX - A Testatrix is a person who creates a valid last will and testament.  The term Testator refers to the female gender.

TOD - A TOD (Transfer on Death) designation is a way to name beneficiaries on non-retirement investment accounts.  A similar designation, POD (Payable on Death), is used for non-retirement non-investment accounts, such as bank accounts.  Accounts with named beneficiaries are not subject to the Probate process and instead are inherited directly by the named individuals.

TRANSFER ON DEATH - A Transfer on Death (TOD) designation is a way to name beneficiaries on non-retirement investment accounts.  A similar designation, POD (Payable on Death), is used for non-retirement non-investment accounts, such as bank accounts.  Accounts with named beneficiaries are not subject to the Probate process and instead are inherited directly by the named individuals.

TRUST - A Trust is a Fiduciary relationship where a person, the Grantor or Settlor, places assets under the control of a second person, the Trustee, to hold and manage for the benefit of a third person, the Beneficiary. Trusts are used for various purposes, including Estate Planning, protecting assets from creditors, minimizing taxes, and providing for individuals with special needs. 

TRUSTEE - A Trustee is a person or entity that legally holds the title to assets (property) placed into a Trust for the benefit of another, known as a Beneficiary. The Trustee's primary role is to manage, protect, and distribute these Trust assets according to the terms specified by the Trust's creator (the settlor or trustor) and applicable laws.