Intestacy: to have died not having made a Will, or without a valid Will. The administration of the estate is then governed by the provisions of the Administration of Estates Act 1925.
Legator: a man who has died and left a gift to Sea Cadets in his Will
Legatrix: a woman who has died and left a gift to Sea Cadets in her Will
Mirror Wills: two separate but identical Wills, usually made by husband and wife, or life partners. Mirror Wills are identical except that each leaves the same gifts to the other, and each names the other as executor. They are made in the same terms each to benefit the other, with or without other gifts and provisions. Either party can change their mind at any time and make a different Will.
Northern Ireland Law: In most respects, the laws relating to Wills and probate in Northern Ireland are similar to those in England and Wales. Your solicitor will be able to advise you fully of the differences that exist.
Pecuniary gift: a gift of a specific amount of money, e.g. £5,000.
Personal chattels: personal possessions inside one’s home which are movable (i.e. paintings, jewellery, furniture).
Probate: the legal process by which your estate is administered – all claims are resolved and your property, cash, etc, is distributed to those outlined in your Will and proved valid.
Probate Registry: Court office dealing with the right to administer the estate and certain connected formalities of a deceased person.
Residuary gift: The residue of an estate is what is left over after payment of the costs and expenses, and also the payment of any cash legacies or specific items that have been left. The whole residue, or a percentage share of the residue, can be left as a gift.
Reversionary gift: where the money left in the Will reverts to the beneficiary (e.g. Sea Cadets) once a particular event takes place, e.g. once the life tenant in a house has passed away.
Specific gift: A gift of a particular item. For example, a house, a car, a boat, the contents of a specific bank account, or a piece of jewellery, etc.