a b c d e f g h i j k l m n o p q r s t u v w x y z #

Items starting with P

Pecuniary Legacy

  • A gift of money under a Will.

Potentially Exempt Transfer (PET)

  • A gift made during ones lifetime that is exempt from Inheritance Tax if the donor lives for seven years after making the gift.


  • Someone who dies before the person who has made the Will.

Probate, Grant of

  • The document which confirms to executors that they have authority to act, and which validates the Will.

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