A person appointed by the courts to settle your affairs when there is no Will in place at the date of your death.
A document which expresses your wishes concerning life sustaining medical treatment you wish or don’t wish to receive. Often referred to as “Living Wills”.
A person appointed by you to handle your affairs if you can no longer do so yourself:
A person who receives from your Will.
Objects which you own. For example pieces of jewellery or a set of golf clubs.
An addition to an existing Will.
Somebody who lives with you but is not married to you.
Somebody being financially maintained by you.
A person appointed by the courts to handle your affairs if you can no longer do so.
Everything you own at the date of your death minus liabilities.
Executor (male) / Executrix (female):
A person named in your Will to settle your affairs on your death.
Expressions of wishes contained in your Will such as preferences for burial or cremation, order of service, donations to charity rather than flowers etc.
A person appointed by you to be responsible for your children after your death whilst they are still below eighteen.
A tax on your estate payable on your death. Please contact us for specific up to date details of current tax rates and allowances.
Dying without a valid Will in place.
Lasting Power of Attorney:
A document which enables you to appoint people to handle your affairs when you can no longer do so but are still living.
A gift in a Will.
Debts owed by you or your estate which are settled before your estate is distributed.
A document which expresses your wishes concerning life sustaining medical treatment you wish or don’t wish to receive. Also known as “Advanced Directives”.
A person mentioned in a Will who is under the age of eighteen.
Next of Kin:
The person or persons deemed by law to be your closest relatives. These may not be the people you wish to receive your estate via your Will.
Nil Rate Band:
The allowance which all estates are given before the payment of Inheritance Tax. Please contact us for advice on current NRB allowances.
Office of The Public Guardian:
The organisation which deals with all applications for Lasting Powers of Attorney.
A person appointed to handle your affairs after your death. This may be an Executor (where there was a Will) or an Administrator (where there wasn’t a Will).
The legal process of confirming a Will is valid after your death.
Statutory Laws of Succession:
A set of rules which establish who will inherit your estate if there is no Will in place.
The necessary level of understanding required by law for a person to make a valid Will. This is a very sensitive area, particularly where the elderly and vulnerable are concerned. Please contact us for specific advice.
Testator (male) / Testatrix (female):
A person who is making their Will.
An asset being administered by one person on behalf of another person.
A person appointed to administer an asset on behalf of another person.
A document which outlines how you wish your affairs to be settled on death.
A person present when you sign your Will. There must be two independent witnesses present for a Will to be valid.