In these unprecedented times, it seems that the one thing we can be certain of, is uncertainty. COVID-19 has affected every aspect of our lives over the past weeks and months in a way that would not have seemed possible just 6 months ago. In this...
Someone appointed by the Probate Registry to administer the estate of someone who dies without making a Will.
Moveable goods such as furniture and jewellery.
An inheritance tax form which notifies HMRC about changes to the inheritance tax liability of an estate during the administration period.
What someone owns at the date of their death, eg. property, Bank accounts and investments.
A document approved by the personal representative and residuary beneficiary at the end of the administration of the estate. It sets out the assets and liabilities as at the date of death, what has been paid from the estate and received into the estate since death and the amount passing to the beneficiaries.
Someone appointed in a Will to administer the estate of a deceased person.
Grant of Letters of Administration
An Order made by the Probate Registry enabling an Administrator to administer the estate of a someone who dies without a Will.
Grant of Probate
An Order granted by the Probate Registry enabling an executor to administer the Will of a deceased.
Someone appointed to look after a child of the deceased who is under 18 years of age.
Her Majesty’s Revenue & Customs
Inheritance tax form required where no inheritance tax needs to be paid
Inheritance tax form required where inheritance tax must be paid (or in certain complicated estates where no inheritance tax needs to be paid).
A distribution of the residuary estate made during the administration process and prior to the final distribution being made.
Where somebody dies without making a Will.
A document which must be sworn in front of a Solicitor or Commissioner of Oaths by a Personal Representative promising to administer the estate of the deceased properly (soon to be replaced by Statement of Truth).
A gift of an amount of money.
An umbrella term to cover executors and administrators.
A branch of the High Court dealing with matters relating to deceased persons.
A beneficiary who is entitled to all or a part of the residuary estate.
What is left after the deceased’s labilities have been paid and gifts of money and specific items under the Will have been made.
A gift of a specific chattel.
Statement of Truth
A document which must be signed by a Personal Representative promising to administer the estate of the deceased properly.
Notices placed in certain publications asking estate creditors to contact the Personal Representatives. Gives protection to the Personal Representatives but creditors can still go against beneficiaries of an estate.
In relation to probate matters, this is somebody who is appointed by a Will or the intestacy rules to administer ongoing trusts.