What is the term for dying with a valid will?

The term for dying with a valid will is "Testate." When an individual dies testate, it means that they have legally executed a will that outlines their wishes regarding the distribution of their assets and other matters after their death. This legal document typically names an executor to oversee the fulfillment of these wishes, ensuring that the deceased's intentions are honored.

In the context of estate planning, dying testate is generally considered beneficial for the deceased's estate, as it provides clear guidance on asset distribution and may help avoid disputes among heirs. The process of administering an estate with a valid will involves probate, where the will is validated by a court.

Understanding the implications of dying testate is crucial, as it contrasts with dying intestate, where an individual passes away without a will, leading to state laws dictating the distribution of assets. The other terms, such as fiduciary and probate, refer to different aspects of estate management and administration within the context of wills and estates.