Warrants: A type of security that lets its owner buy a specific number of shares of stock at a predetermined price within a specified time frame.

Wealth replacement trust: A trust designed to ensure that heirs receive the value of the estate, which could be depleted by federal estate tax or charitable gifts. A wealth replacement trust usually takes the form of an irrevocable life insurance trust.

Will: A legal document that distributes a person's assets at death under the supervision of a probate court.