Wills, Trust and Probate

  • Absolute Interest

    The entitlement to the item of property which is not limited by any other person’s...

  • Administrator

    A person appointed by the Court to manage the estate of a deceased...

  • Ambulatory Will

    A will which can still be changed because the settlor is...

  • Assent

    A formal document which is required when transferring ownership to a person who is entitled to the property following the death of the...

  • Beneficiary

    A beneficiary is someone who stands to gain as a result of a bequest made in a will or who receives something from an...

  • Bequest

    A gift of Chattels or Assets by...

  • Codicil

    A codicil is an addition or amendment to an existing...

  • Common Law Partner

    A partner who you live with but to whom you are not...

  • Contingent Will

    A will which will only become effective if some condition is...

  • Declaration of Trust

    See...

  • Discretionary Trust

    This is a trust where the beneficiaries and/or their entitlements to the trust fund are not fixed, but are instead determined by the criteria set out in the trust instrument by the...

  • Estate

    The assets of a person at the time of their death, less any outstanding...

  • Executor

    An executor (or executrix in the case of a female) is the person (or people) who have been appointed in a will to deal with the testator's affairs after their...

  • Grant of Probate

    This is a legal document which allows the person or persons named in it to collect in and distribute the...

  • Grant of Representation

    A legal document which confirms that the executor has the authority to deal with a deceased person's...

  • Guardian

    A person appointed to safeguard,protect and manage the interests of a child or mentally disabled...

  • Inheritance Tax (IHT)

    This is a tax imposed on the privilege of receiving property by inheritance or legal...

  • Intestacy

    This refers to the situation where a person who has died has not made a valid...

  • Legacy

    See...

  • Letter of Administration

    This is the authority given by the Probate Registry to deal with the affairs of a deceased person who has not left a valid...
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