Granted by a court to administrators (usually the next of kin) to give them the authority they need to act and to administer/distribute the estate where there is no Will.
Administrator
A person appointed when either no Will can be found or there is no executor to carry out the intentions of the Will.
Assets
Generally everything that you own.
Beneficiary
Someone who will inherit from the Will, a trust or under the intestacy laws.
Bequest
A gift left in a Will.
Chargeable gift
A gift on which Inheritance Tax may be payable.
Codicil
A document executed by a testator subsequent to the Will which alters, cancels or adds to the provisions of the previously drafted Will.
Devise
A gift by Will of freehold property.
Donor
The person giving legal authority to another (the attorney)
Estate
Everything you own; all of your assets (whether real property or personal property) and liabilities.
Executor
A person appointed in the Will to administer the estate.
Guardian
Someone appointed to look after the interests of a child under the age of 18.
Inheritance Tax
Tax payable on the transfer of assets either during an individual's lifetime or on his or her death.
