Probate Jargon Buster
See a breakdown and explanation of some of the more commonly used terms when discussing Probate matters.
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Probate Jargon Buster
This is the term given to a personal representative if they are not appointed under a will.
This is a declaration made in writing which is sworn as oath in front of someone who is authorised to administer oaths.
This is the value of an estate.
This is a person who benefits under a will.
This is a gift of a particular object or cash.
These are personal belongings, such as jewellery, which belong to a person.
A document used to alter a will.
This is the total value of assets and property belonging to a person.
This is the term used for a personal representative who is appointed by a Will.
Grant of Probate
This is a document issued by the Probate Registry to the personal representatives of a will to allow them to administer the estate.
This is an individual who would become responsible for your children in the event of your death until your children reach 18 years old.
This is tax that becomes payable when the total estate value exceeds a set threshold. It is also payable on lifetime gifts made before death.
This is an individual who has died without making a will.
This is a gift of money or an item.
Letters of Administration
This is a document issued by the Probate Registry to the personal representative to administer the estate of an intestate person.
A life interest is a gift that gives an individual the right to income from an asset or occupation of a property for the duration of their life.
Next of kin
This is a person entitled to the estate when an individual dies intestate.
This is a general term used for both administrators and executors.
This is an organisation that deals solely with probate matters.
This is what is left of the estate after all debts and wishes of the will have been followed.
This is a legal document whereby an individual states their wishes for their estate when they die.
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