A person appointed when either no Will can be found or there is no executor to carry out the intentions of the Will.

Administration, Letters of
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.

Generally everything that you own.

Someone who will inherit from the Will, a trust or under the intestacy laws.

A gift left in a Will.

Chargeable gift
A gift on which Inheritance Tax may be payable.

A document executed by a testator subsequent to the Will which alters, cancels or adds to the provisions of the previously drafted Will.

A gift by Will of freehold property.

The person giving legal authority to another (the attorney)

Everything you own; all of your assets (whether real property or personal property) and liabilities

A person appointed in the Will to administer the estate.

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.

A person who dies without making a valid Will.


A gift of a specific item left in a Will, apart from land.

Life Interest
The right to enjoy for life (or until a specified time period has elapsed or an event has occurred, like someone remarrying) either money or property which will eventually revert to the original estate in some way on death - instructions are included in the Will as to what should happen to the gift when the life interest ends.

Mirror Will
A mirror will is when a husband, wife or partner make almost identical wills leaving, for example, everything to each other respectively should one partner die, and if both die together then direct to children. If there are no children then to a named beneficiary.

Moveable Property
Anything other than buildings or land.

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.

What is left of the estate after the payment of all debts, taxes, administration expenses, legacies and bequests under the Will.

Reversionary Interest
Interest in trust property.

Revocation, Deed of
Legal document used to revoke a power of attorney.

Single Will
Legal document stating a person's wishes as to the disposition of his or her property or estate after death.

Specific Legacy
A gift of a specific object under a Will.

The person (male/female) who makes the Will.

An arrangement by which property is handed over to trustees to be applied for the benefit of other people known as beneficiaries.

The person who holds property on behalf of another person and is responsible for administering the trust assets.

Variation, Deed of
An arrangement whereby certain provisions under a Will may be varied by consent of the beneficiaries.

A form of instructions as to how someone wishes to dispose of their assets on death.