Person responsible for dealing with the Estate of a person who has died leaving no Will or where Executors appointed in a Will or Codicil is unable or unwilling to act.
Property, belongings or money owned by the deceased
Assets passing by Survivorship
If assets are held in joint names, they will pass automatically to the survivor, rather than through the Will, e.g. a property owned by joint tenants will automatically pass to the surviving owner.
Beneficiary or Beneficiaries
A person who is entitled to money or assets under a person’s Will.
A gift left by your Will.
An addition or change to your existing Will.
A Trust where a Trustee holds property on behalf of a beneficiary, where the beneficiary can require the asset to be transferred to the beneficiary at any time.
A document registered at the Probate Registry which stops someone from obtaining a Grant of Probate of a Will (or a Grant of Letters of Administration for the estate of someone who has died without a Will).
Court of Protection
The Court that administers the property and assets of persons with mental health issues.
Deed of Variation
A legal document that allows the beneficiaries to change the terms of a Will within two years of their death.
Person appointed in the Will to administer the Estate of a person who has passed away.
A written statement sworn by Executors or Administrators of an Estate which accompanies an application for a Grant of Probate.
The process through which a person’s assets are distributed according to the deceased wishes in their Will or by the Rules of Intestacy.
Grant of Probate
Official document that authorises the Executors named in the Will to act on behalf of the deceased and to administer the deceased’s estate as required by the Will.
A person who has died and not left a legally valid, binding Will.
A tax payable to HM Revenue & Customs when someone has died and when their estate is large enough. The majority of people do not pay Inheritance Tax.
An amount of money or property left to someone in a Will.
Letters of Administration
A document issued by the Probate Registry appointing individuals to handle a person’s Estate where there are no Executors appointed or no Will.
A term used for a person appointed to administer the Estate of a person who has died whether a Will was made or not. Both Administrators and Executors are Personal Representatives.
Lasting Power of Attorney
A document that authorises a person to deal with someone’s property and financial affairs or alternatively to handle their health and welfare issues.
Office of the Public Guardian
The Court that registers Lasting Powers of Attorney and which appoints Deputies for people who are unable to deal with their own affairs and who have not made Lasting Powers of Attorney
An agreement under which one person (the Trustee) looks after property or assets on behalf of one or more beneficiaries.
A legal declaration by which a person (the Testator) names one or more persons to manage his or her Estate and provides for the distribution of their property at death.