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In case there are any terms we referred to that you didn't understand, we've put together this simple jargon buster so you can find out what they mean.
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Administrator
the person appointed to administer an estate where no valid will is in place, or where the executor is unable or unwilling to carry out their duties.
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Beneficiary
any person entitled to benefit from funds or property left by the deceased in their will or under intestacy.
Bereavement allowance
this is a taxable contributory benefit for a person who was 45 or over (and under state pension age) when their spouse died, who doesn't get the Widowed Parent's Allowance and whose late spouse met the National Insurance contribution conditions. It is paid for up to 52 weeks following the bereavement.
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Creditor
someone to whom a debt is owed.
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Death certificate
this details the name, age and occupation of the deceased, and the time, place and reason for their death. It also records the name, address and relationship to the deceased of the person who reported the death.
Debtor
someone who owes money.
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Estate
all the assets and liabilities of the deceased.
Executor of the will
the person who is named in the will to be the executor and who ensures the terms of the will are carried out. Often referred to as Personal Representative.
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Grant of probate
the document issued by the probate registry giving the executor the power to make and receive payments from the deceased's estate.
Grant of representation
the general term for a grant allowing the administration of an estate by the appointed person. It covers probate and letters of administration.
Grant of confirmation
the Scottish version of the grant of representation.
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Inheritance Tax
the tax paid by the deceased's estate. Certain limits and rules apply.
Intestacy
when someone dies without leaving a valid will.
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Letters of administration
similar to grant of probate above, this document is issued to the administrator either when there is no will or when no executor is named in the will.
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Probate
when you are granted probate, you are undertaking to administer the deceased's estate as set out in the will and according to law.
Pro-rata settlement
the even distribution of remaining funds in an estate to creditors when a person?s debts are more than the assets they leave behind.
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Will
a legal declaration of a person's wishes regarding the disposal of their estate after their death.
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