Glossary For Will Making3

Glossary For Will Making3

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Want to make a start on your will?

Making a Will is not about wealth it is about making sure that what you want to happen to your estate does happen. It gives you the opportunity to specify such things as who will administer your estate, who will care for your children and who will receive specific items of your property.

Propound a will in hold a will out to be the true and court correct last will seek to prove a will in court.

Prove a Will

Apply and be granted a Grant of probate of a will.

Residue of theWhat remains of an estate after the estatepayment of all charges, debts and bequests.

Statutory legacy

Amount a spouse receives under the intestacy rules.

Testamentary

The intention and mental capacity capacityto understand the process of making a will as defined by the appropriate legal criteria. TestatorPerson who draws up a will covering the events to happen on his death.

Testatrix

Female version of a testator.

Trustee

Person who administers an ongoing trust set up in a will or during a person’s lifetime.

Whole blood

Relatives of the whole blood have both parents in common.

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• external sites: In our right minds – mental capacity when making a valid Will