Copy of `Will forms - Glossary of will writing`

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Will forms - Glossary of will writing
Category: Legal > Will forms
Date & country: 13/11/2007,
Words: 21


Administrator
a person appointed by court to deal with the estate of a person who has died and left no will.

Attestation clause
a statement at the end of a will which says that the will has been properly signed and witnessed.

Beneficiary
a person who inherits from a will.

Codicil
a document that modifies some part of a will but does not revoke it.

Estate
all the property of a deceased person.

Executor
a person appointed in the will to deal with the estate of a deceased person.

Guardian
a person appointed to care for children under 18.

Intestate
a person who dies without making a valid will.

Issue
all the lineal descendents of a person, that is, children, grandchildren, great grandchildren and so on.

Joint property
property not in your sole name.

Minor
a person under 18 years of age.

Probate
legal proof that a will is valid so that authority can be given to the executors to deal with the estate.

Residuary gift
a gift of residue.

Residue
the remainder of the estate after debts, funeral expenses, administration costs and tax have been paid and all specific gifts distributed.

Specific gift
a gift of a particular item of property.

Testamentary
to do with wills, for example, testamentary expenses - the expenses incurred by your executors to carry out your instructions in your will.

Testator
the person making the will.

Trust
an arrangement to hold money or other property for the benefit of another person, such as a child.

Trustee
a person appointed to manage property that is held under a trust for the benefit of another person.

Will
the document in which you say what is to happen to your property after your death.

Witness
a person other than the testator who signs the will to authenticate the testator`s signature.