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Probate, Wills and Adoptions Glossary Terms

Advance Directives

Formal legal documentation of your wishes related to your body and healthcare, should you become incapacitated or die. They may include living wills, durable health care powers of attorney, durable mental health care declarations, and anatomical gift forms.

Annuity

The annual payment of an allowance or income. Commercial annuities are usually issued by an insurance company or investment company in exchange for an initial monetary deposit. They can also be issued by a charity, in exchange for a donation. The purchase of an annuity can be part of an estate plan or could be part of the monetary settlement from an injury or malpractice claim.

Assisted Living

Typically a combination of apartment-style living with supportive services, designed to help older adults live in an independent setting for as long as possible. The Ohio Department of Health licenses facilities as Residential Care Facilities in the State of Ohio.

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