Terms Used In Oregon Statutes > Chapter 119 > Definitions

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Codicil: An addition, change, or supplement to a will executed with the same formalities required for the will itself.
• Executor: A male person named in a will to carry out the decedent
• Fiduciary: A trustee, executor, or administrator.
• 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}
• Trustee: A person or institution holding and administering property in trust.