Beneficiary
A beneficiary is someone in line to receive the benefits of a trust or the proceeds of an insurance policy.
Conservator
A conservator is an individual or an organization who the court appoints as a guardian. This entity oversees, protects, or preserves the interests of someone deemed incapable of managing his or her own affairs.
Joint Tenancy With Right of Survivorship (JTWROS)
Joint tenancy with right of survivorship is a form of real estate ownership. Under JTWROS, two or more tenants share an undivided interest in a property. Also, each tenant has equal rights and obligations. Intrinsically, this type of arrangement creates a right of survivorship. Therefore, if one owner dies, his or her interest automatically transfers to the surviving owner(s).