Alert Message Please update your browser.

We don't support this browser version anymore. Using an updated version will help protect your accounts and provide a better experience. 

Update your browser

Please update your browser.

We don't support this browser version anymore. Using an updated version will help protect your accounts and provide a better experience.

Update your browser


We’ve signed you out of your account.

You’ve successfully signed out

We’ve enhanced our platform for For a better experience, download the Chase app for your iPhone or Android. Or, go to System Requirements from your laptop or desktop.

Chase Estate Services General Terms

Estate Services

General terms


An administrator is a person appointed by a probate court to manage and distribute a deceased person’s estate if a valid will does not exist. An administrator can also be appointed by the court if there is a will but it does not identify an executor or the named executor is unable to or refuses to serve and a qualified successor has not been named.


An Assumption is the process by which a party (or parties) other than the original customer(s) on the loan or lease voluntarily assumes responsibility for the remaining payments.


A person designated to receive money or property from a person who has died. For example, someone can be designated as a beneficiary in a will or on a bank account (e.g., named in an informal trust as In Trust For (ITF) or named as a Payable on Death (POD) beneficiary).


A deceased person


A written instrument that conveys some interest in property.


The assets and liabilities left by the decedent.


Person or entity appointed by a will and/or appointed by court to administer the estate of a deceased person.


A person who has been entrusted with the responsibility to manage the assets or rights of another person. A fiduciary may be referred to as an Executor, Administrator, or Trustee, among other names.

Letters of Administration:

A document issued by a probate court that reflect the appointment of the administrator of an estate if there is no will.

Letter Testamentary:

An order from the probate court approving the appointment of an executor under a will and authorizing the executor to administer the estate.


A written promise by one party to pay money to another party.

Power of Attorney (POA):

The authority to act for another person in specified or all legal or financial matters.


The process of gathering a decedent’s assets, paying the creditors and any taxes owed and then distributing the remainder according to the will (testate distribution) or state law (intestate distribution), as applicable.

Successor Trustee: 

A trustee who succeeds an earlier trustee, usually as provided in the trust agreement when the prior trustee is unable or unwilling to continue.

Successor In Interest: 

Someone who follows another in ownership or control of property. A successor in interest retains the same rights as the original owner.


A person named to administer a trust for a beneficiary according to the terms established by the trust grantor/settlor.


A legal document by which a person directs his or her estate to be distributed upon death.