The following provides a list of Will terminology that will be useful to aid your understanding on the scope of Will Writing :
- The person appointed by the court to handle the estate of someone who died without a Will or with a Will but no nominated executor.
- Written statement by a person, who signs it and swears under oath.
- Generally, any item of property that has monetary value, such as a house or land, money, shares in a Company, works of art, or a life insurance policy.
- A beneficiary is someone who receives benefits from a Will.
- To leave to somebody or dispose of as in a Will.
- A bequest is a gift, such as cash or property, left in a Will.
- A legal notice to a court to prevent a grant of Probate being issued.
- A document that changes, revokes, or amends part or all of a validly executed Will. It is filed with the original Will but not attached to it.
- The person who has died.
- Treat a specific country as a permanent home, reside or be based.
- All the possessions of one who has died and are subject to probate (administration supervised by the court) and distribution to heirs and beneficiaries.
- A person named by a maker of a will, or nominated by the testator, to carry out the directions of the Will.
- The person appointed by the court to control and care for a minor. The person appointed by the court to look after an incapacitated adult may also be known as a guardian.
- A situation where a person dies without leaving a valid will.
- Any person who is below 21 years old.
- The process of proving a Will is valid and thereafter administering the estate of a dead person according to the terms of the Will.
- A person who holds property, authority, or a position of trust or responsibility for the benefit of another.
- The amount of pressure that one uses to force someone to execute a Will leaving assets in a particular way, to make a direct gift while alive or to sign a contract. The pressure that takes away a person’s free will to make decisions, substituting the will of the influencer.