Funerals and Wills - the jargon explained
Administration
The process of dealing with your estate according to your Will if there is one, or according to intestancy rules if not.
Administrator
A person appointed by the court to oversee your estate if there is no Will or if there are no executors.
Beneficiary
A person or organisation mentioned in your Will whom you wish to leave a gift to.
Bequest
A gift that you leave a person or organisation in your Will.
Codicil
Any change or addition you make to your Will after you have made it.
Disbursements
Payments made to third parties. For example for the funeral services, disbursements may be made to the Crematorium, the Minister or the doctor.
Estate
Everything that belongs to you and is owed to you to you at the time of your death.
Executor
A person named in your Will to carry out the terms of the Will.
Inheritance tax
A tax that may be paid by your estate after your death, if your estate's net worth exceeds certain inheritance tax levels.
Intestancy rules
The legal rules that decide how your estate will be distributed if you do not have a Will.
Legacy
Another name for a gift you leave a person or organisation in your Will:
- Pecuniary legacy - a specific sum of money
- Residuary legacy - the remainder of the estate or appropriate share of it
- Specific legacy - actual item, such as a gold watch, ring etc.
Personal Representative
Another name for an administrator or executor.
Probate
Probate is the name given to the process of settling the estate of someone who has died. If you have a Will, the courts will provide a 'grant of probate' to the executor. This gives them the authority to distribute your estate according to the wishes detailed in your Will.
Spouse
Your wife, husband or civil partner.
Testator
The person who has made the Will
Trust
A legal arrangement to hold money or property for someone else, often a child
At what can be a confusing time with lots of legal terms and names, we hope this guide to the legal terms and names you might come across can make things a little simpler.
