Arizona Laws 14-10002. Definitions
In this chapter, unless the context otherwise requires:
Terms Used In Arizona Laws 14-10002
- Agent: includes an attorney-in-fact under a durable or nondurable power of attorney, a person who is authorized to make decisions concerning another person's health care and a person who is authorized to make decisions for another person under a natural death act. See Arizona Laws 14-1201
- Disclaimant: means the person to whom a disclaimed interest or power would have passed had the disclaimer not been made. See Arizona Laws 14-10002
- Disclaimed interest: means the interest that would have passed to the disclaimant had the disclaimer not been made. See Arizona Laws 14-10002
- Disclaimer: means the refusal to accept an interest in or power over property. See Arizona Laws 14-10002
- Person: means an individual or an organization. See Arizona Laws 14-1201
- Personal representative: includes an executor, an administrator, a successor personal representative, a special administrator and persons who perform substantially the same function under the law governing their status. See Arizona Laws 14-1201
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
- Property: includes both real and personal property. See Arizona Laws 1-215
1. "Disclaimant" means the person to whom a disclaimed interest or power would have passed had the disclaimer not been made.
2. "Disclaimed interest" means the interest that would have passed to the disclaimant had the disclaimer not been made.
3. "Disclaimer" means the refusal to accept an interest in or power over property.
4. "Fiduciary" means a personal representative, a trustee, an agent acting under a power of attorney or any other person who is authorized to act as a fiduciary with respect to the property of another person.
5. "Jointly held property" means property held in the name of two or more persons under an arrangement in which all holders have concurrent interests and under which the last surviving holder is entitled to the whole of the property.