74 terms · 6 categories · fully searchable
The LifeXperts.com Glossary
Plain-language definitions for every term used across estate planning, your finances, and the LifeXperts.com platform — written so anyone can understand them.
A
Administrator
Estate Planning
An administrator is court-appointed to manage your estate when no will exists. A will with a named executor lets your family avoid this.
Advance Care Directive
Estate Planning
An advance care directive records your medical wishes for situations where you cannot speak. It removes an impossible burden from the people who love you.
Asset
Financial
An asset is anything you own that has value. Knowing what you have and where it is makes everything easier for your family when they need it most.
Affidavit
Legal
An affidavit is a written statement you sign under oath declaring it is true. It is used in legal and estate processes as formal evidence.
AES-256 Encryption
Security
AES-256 is the world's strongest widely-used encryption — the same standard protecting US classified information. LifeXperts.com uses it for everything you store.
Authentication
Security
Authentication is how you prove who you are to access your account. LifeXperts.com requires two factors — password plus your phone — so your account stays secure even if your password is stolen.
Accountant / CPA
Professional
An accountant handles the tax side of estate planning — final returns, estate taxes, and efficient structures. A CPA or CA has the highest credential.
Advisor Marketplace
LifeXperts.com Platform
The LifeXperts.com Advisor Marketplace connects you with verified estate attorneys, financial planners, and accountants licensed in your area. Every professional is credential-checked.
B
Beneficiary
Estate Planning
A beneficiary is who receives your assets when you die. Who you name on accounts overrides your will — so review those designations regularly.
Beneficiary Designation
Estate Planning
A beneficiary designation tells an account who gets that money when you die — and it overrides your will every time. Four minutes to check yours could redirect hundreds of thousands of dollars.
Binding Death Benefit Nomination Australia
Legal
A binding death benefit nomination tells your Australian super fund who gets your money — but it lapses every three years. Check yours annually.
C
Codicil
Estate Planning
A codicil amends your existing will without replacing it. It must be signed and witnessed properly — and many attorneys suggest rewriting the whole will to keep things clear.
Contingent Beneficiary
Estate Planning
A contingent beneficiary is your backup choice if your primary beneficiary dies before you. Name one — it takes thirty seconds and prevents assets from going through probate.
Compound Interest
Financial
Compound interest means your money earns interest on top of interest — a snowball that grows faster over time. Starting early makes an enormous difference.
CPF Nomination Singapore
Legal
Your CPF nomination tells Singapore's CPF who gets your savings — separate from your will. It does not lapse, but may be outdated. Review it when your family situation changes.
Connections
LifeXperts.com Platform
Connections is your contact list in LifeXperts.com — the people your Time Capsule messages are addressed to. Add their email and mobile so messages can reach them when the time comes.
CFP (Certified Financial Planner)
Professional
A CFP is a credentialed financial planner bound by a code of ethics. LifeXperts.com users arrive at their first meeting already organized — so the CFP can focus on advice, not gathering basic information.
D
Digital Asset
Financial
A digital asset is anything of value that exists online. Without the passwords, these assets can be permanently lost after your death. Store credentials in your Security Vault.
Data Sovereignty Charter
LifeXperts.com Platform
The Data Sovereignty Charter is LifeXperts.com's seven written commitments about your data — built into founding documents, not just policies. You own your data. Always.
Data Export
Security
Data export downloads everything you have stored in LifeXperts.com in one tap. Your data belongs to you — take it with you at any time, no questions asked.
E
Estate
Estate Planning
Your estate is everything you own and everything you owe when you die. Everyone has one. The people you leave behind will need to manage it — LifeXperts.com makes that manageable.
Estate Planning
Estate Planning
Estate planning means deciding in advance what happens to your assets and who makes decisions for you if you cannot. It is one of the most loving things you can do for your family.
Ethical Will
Estate Planning
An ethical will shares your values and life lessons with the people you love. A legal will passes on money. An ethical will passes on meaning.
Executor
Estate Planning
Your executor carries out your wishes after you die — managing your estate, paying debts, and distributing assets. Choose someone you trust and ask them first.
Emergency Fund
Financial
An emergency fund is 3 to 6 months of living expenses in an accessible account. It is your financial safety net for life's unexpected moments.
Executor Emergency Sheet
LifeXperts.com Platform
The Executor Emergency Sheet is a printable roadmap for your executor — where things are, who to call, how to access your LifeXperts.com account. No passwords. Just clear guidance.
Encryption
Security
Encryption scrambles your information so only someone with the right key can read it. LifeXperts.com encrypts everything — and for your most private content, only you hold the key.
Estate Attorney
Professional
An estate attorney drafts wills, trusts, and powers of attorney. When LifeXperts.com flags a legal document for review, an estate attorney is who to call.
F
Family Records
LifeXperts.com Platform
Family Records preserves your family's history — medical records, stories, and documents — organized and linked so they are never lost across generations.
Financial Advisor
Professional
A financial advisor gives money advice — but the title alone does not guarantee credentials. Look for a CFP or other recognized designation for qualified financial guidance.
G
Guardian
Estate Planning
A guardian is who you choose to raise your minor children if you cannot. Without naming one in your will, a court decides — which may not be who you would have chosen.
Guardian Protocol
LifeXperts.com Platform
The Guardian Protocol activates in LifeXperts.com after your death is verified — delivering your messages and giving your guardian access to what you organized for them.
Grant of Probate
Legal
A grant of probate is a court document authorizing your executor to act. Banks usually require it before releasing assets to your estate.
Grief Mode
LifeXperts.com Platform
Grief Mode pauses all LifeXperts.com reminders when you are going through a loss. The platform simply says: we are here when you are ready.
I
Intestacy / Dying Intestate
Estate Planning
Dying without a will means the law decides who gets everything — and it may be very different from your wishes. A will lets you decide instead.
Insurance Policy
Financial
An insurance policy is a financial safety net you pay for in advance. Store your policies in LifeXperts.com so your family can find them when they need them most.
Investment
Financial
An investment is money you put to work for potential growth — stocks, bonds, real estate, and more. Growth potential is higher than savings accounts, but so is the risk of loss.
Insurance Advisor
Professional
An insurance advisor helps you choose the right coverage for your situation. LifeXperts.com connects you with licensed advisors in your area through the Advisor Marketplace.
L
Legacy
Estate Planning
Your legacy is everything you leave behind — financial and personal. Both can be preserved and passed on intentionally. LifeXperts.com helps with both.
Letter of Instruction
Estate Planning
A letter of instruction guides your executor after you die — where things are, who to call, what you wanted. Not legally binding, but enormously helpful to the people managing your estate.
Life Insurance
Financial
Life insurance pays a lump sum to your named beneficiary when you die. Store your policy in LifeXperts.com so your family knows it exists and can claim it.
Lasting Power of Attorney UK
Legal
An LPA gives someone authority to manage your finances or health decisions in the UK. It must be set up before you lose mental capacity — after that, it is too late.
Life Intelligence Platform
LifeXperts.com Platform
A Life Intelligence Platform is what LifeXperts.com is — a single organized home for your complete financial life, personal records, family history, and legacy. Nothing like it existed before.
Life Score
LifeXperts.com Platform
Your Life Score (0-1,000) measures how organized your life is for the people you love. It grows every time you take an action. It is a gift meter, not a grade.
Life Vault
LifeXperts.com Platform
The Life Vault is your secure, organized home for important documents. Encrypted. Searchable. Your family can find what they need in seconds — not months.
M
Mortality Planner
LifeXperts.com Platform
The Mortality Planner guides you through 12 steps of estate organization in plain language. Designed to feel like a gift to your family, not a task.
Multi-Factor Authentication (MFA)
Security
MFA requires your password plus your phone to log in. Even a stolen password is not enough to access your account. LifeXperts.com requires it for everyone.
N
Net Worth
Financial
Net worth is everything you own minus everything you owe. LifeXperts.com calculates it automatically when you connect your accounts — giving you a clear picture for the first time.
Notarization
Legal
Notarization is official witnessing of your signature by a licensed notary. Some legal documents require it to be legally valid — requirements vary by location.
Notary / Notaire Quebec, France, civil law jurisdictions
Professional
A notary public witnesses and authenticates legal documents. In Quebec and civil law countries, a notaire can draft wills with special legal standing that bypasses probate.
P
Power of Attorney
Estate Planning
A power of attorney gives someone you trust legal authority to manage your finances or make medical decisions if you cannot. Without one, your family may need court permission to help you.
Primary Beneficiary
Estate Planning
Your primary beneficiary is your first choice for who receives a specific asset. Name a contingent (backup) beneficiary too — in case your first choice cannot receive it.
Probate
Estate Planning
Probate is the court process that validates your will and supervises your estate distribution. It can take months and cost money. Good planning can reduce or avoid it.
Premium
Financial
A premium is what you pay to keep insurance active. Stop paying and the coverage ends. Record your policies in LifeXperts.com so your family knows they exist.
Private Journal
LifeXperts.com Platform
The Private Journal is encrypted so only you can read it — not even LifeXperts.com. Your private thoughts stay private. Always.
Password
Security
A strong password is long, unique, and not used anywhere else. Store your important passwords in your LifeXperts.com Security Vault so they are never lost.
R
Retirement Account
Financial
A retirement account is a tax-advantaged savings account for your future. It has its own beneficiary designation that overrides your will — so keep it current and check it regularly.
RRSP (Registered Retirement Savings Plan) Canada
Financial
An RRSP is a Canadian retirement account with a critical estate rule: without your spouse named as direct beneficiary, the full balance is taxed in your year of death. Check your beneficiary today.
S
Superannuation Australia
Financial
Your superannuation is not covered by your will in Australia. You need a separate binding death benefit nomination — and it lapses every three years. Check it annually.
Succession Law
Legal
Succession law governs who gets your assets when you die. Rules vary by country and region — if you own assets in multiple places, get professional advice.
Security Vault
LifeXperts.com Platform
The Security Vault stores your passwords and credentials with encryption so strong that even LifeXperts.com cannot read them. Protect what your family will need access to.
SOC 2 Certification
Security
SOC 2 is an independent audit verifying a platform meets high security standards. LifeXperts.com's current SOC 2 status is always visible at lifexperts.com/trust.
Solicitor UK, Ireland, Australia
Professional
In the UK and Australia, a solicitor is a qualified lawyer for wills, trusts, and probate. LifeXperts.com's Advisor Marketplace connects you with solicitors in your area.
T
Trust
Estate Planning
A trust holds assets for your beneficiaries, managed by a trustee you appoint. It can help assets pass without probate and gives you control over how and when they are distributed.
Trustee
Estate Planning
A trustee manages the assets in a trust on behalf of the beneficiaries, following your instructions. You can name yourself as trustee while alive, with a backup to take over when needed.
TFSA (Tax-Free Savings Account) Canada
Financial
A TFSA is a Canadian tax-free savings account. Name your spouse as successor holder — naming your estate creates unnecessary tax complexity.
Time Capsule
LifeXperts.com Platform
Record a message today for someone you love, delivered at a moment you choose — even after you are gone. The delivery is guaranteed by a legal fund that exists for this purpose alone.
Time Capsule Delivery Obligation Fund
LifeXperts.com Platform
This fund exists only to ensure your Time Capsule messages are delivered — no matter what happens to LifeXperts.com as a company. It cannot be used for anything else.
W
Will
Estate Planning
A will is a legal document that says who gets your assets, who manages your estate, and who cares for your children. Without one, the law decides — and it may not match your wishes.
Witness
Legal
A witness confirms your signature on legal documents like a will. Most wills need two adult witnesses — and a beneficiary usually cannot be one of them.
Don't see a term? Every entry here also appears as a tap-to-learn tooltip throughout the LifeXperts.com app.