Glossary of Terms – G
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General Power of Attorney:
A document which gives your selected representative broad authority to make decisions relating to your assets.
Gift in Kind:
A gift of an asset other than money.
Gift to the Crown:
A donation to a provincial or federal government body or a Crown foundation. The recipient of the gift would be authorized to raise money for public institutions such as hospitals, universities, libraries and museums.
Grant of Probate:
A certificate confirming the authority set out in a will to administer a particular estate; issued to an Executor by the court. Also called Grant of Letters Probate and Letters Probate.
Group Insurance:
Insurance that provides coverage for several people under one insurance contract.
Group Ordinary Life Insurance:
Group life insurance in which at least part of the coverage is permanent and builds a cash value.
Guardian:
The person named to be legally responsible for the minor children should both parents die.








