Here Is Our Glossary Durham
Creating a Will requires familiarity with various legal terminologies. Understanding the meaning of common words and terms can greatly assist you in navigating the essential Will-making process. Trust us to provide you with unique and engaging content.
Administrator
This is somebody who manages the financial affairs of the deceased where there is no Will.
Normally the administrator is someone who is the next of kin.
Asset
This can be anything you own that is of value. This can include property.
Beneficiary/Beneficiaries
Those who have been left money or other benefits in a Will.
Bequest
A gift made in a Will to an individual or body.
Children
The children of the deceased. This means illegitimate and adopted children but not stepchildren unless the Will includes provision for them.
Codicil
This is a legal document that alters or adds to an existing Will and therefore needs to be kept with it. Like a WillDurham, it also has to be witnessed.
Executor
Grant of Probate
Guardian
Inheritance Tax
Intestacy
Legacy
Letters of administration
Life Interest
Personal Chattels
Probate
Probate Registry Durham
Property
Residue
Schedule
Testator
Trust
Will