Tuesday 8 February 2011

Will writing terminology

A few terms related to will writing:

Beneficiary:
A person who will inherit something from the deceased in the will. Beneficiaries can be Executors.
Bequeath:
The act of leaving a bequest to a beneficiary.
Bequest:
An item or amount of money that is left to a Beneficiary in a Will.
Estate:
The combined total all items, property, money and interests etc. you own and that you leave behind upon your death.
Executor:
A person ensures the terms of the will, ie the wishes of the deceased, are carried out. Executors can be Beneficiaries.
Testator:
The person making a Will - male.
Testatrix:
The person making a Will - female.
Trustee:
A person who looks after your estate, or looks after the best interests of your estate.

More will writing terms will be added to the a to z guide when we have them.

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