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Glossary of Legal Terms
Administrator
Someone who is appointed to arrange your affairs if you do not leave a Will.
Someone who is appointed to arrange your affairs if you do not leave a Will.
Pecuniary legacy
A gift of a fixed amount of money.
A gift of a fixed amount of money.
Beneficiary
An individual or organisation who will receive a gift in your Will.
Probate
The legal procedure to decide whether you left a valid Will.
An individual or organisation who will receive a gift in your Will.
Probate
The legal procedure to decide whether you left a valid Will.
Codicil
An alteration or addition to your existing Will.
Residue
The sum that is left in your estate when all debts, charges and gifts have been deducted.
An alteration or addition to your existing Will.
Residue
The sum that is left in your estate when all debts, charges and gifts have been deducted.
Chattels and moveables
Your personal possessions, including your furniture and car.
Your personal possessions, including your furniture and car.
Residuary legacy
A gift consisting of the residue or part of the residue of your estate. This is a particularly popular way to leave a gift to a charity.
A gift consisting of the residue or part of the residue of your estate. This is a particularly popular way to leave a gift to a charity.
Estate
All your possessions at the time of your death, including money and property.
Specific legacy
A gift of a particular item e.g a piece of jewellery or furniture.
All your possessions at the time of your death, including money and property.
Specific legacy
A gift of a particular item e.g a piece of jewellery or furniture.
Executor(s) or Executrix
The person(s) appointed by you to make sure the instructions in your Will are carried out.
The person(s) appointed by you to make sure the instructions in your Will are carried out.
Testator or testatrix
The person who is making the Will.
Intestate and intestacy
You are said to be intestate if you die without making a Will. Intestacy is the name for this situation.
The person who is making the Will.
Intestate and intestacy
You are said to be intestate if you die without making a Will. Intestacy is the name for this situation.
Witness
A person who signs your Will in your presence, who must not be a beneficiary or married to one.
Legacy
A gift left to a person or organisation in your Will.
Life interest
A two-stage form of legacy in which the first beneficiary is given, for example the use of your house or the interest on your bank or building society account during their lifetime. After their death the house or capital passes on to a second beneficiary named by you in your Will. Quite often a charity is the second beneficiary.
A person who signs your Will in your presence, who must not be a beneficiary or married to one.
Legacy
A gift left to a person or organisation in your Will.
Life interest
A two-stage form of legacy in which the first beneficiary is given, for example the use of your house or the interest on your bank or building society account during their lifetime. After their death the house or capital passes on to a second beneficiary named by you in your Will. Quite often a charity is the second beneficiary.
With the help and guidance of a solicitor you’ll find making or amending a Will can be a straightforward and easy-to-follow procedure.
