20 Terms
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Wills & probate
Industry: Legal services
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Wills & probate
beneficiary
Legal services; Wills & probate
An individual named in a will to receive part or all of a deceased person's estate.
will
Legal services; Wills & probate
Legally executed declaration of how a person wishes to dispose of his/her posessions after death, or a document as testimony to this declaration.
personal representative
Legal services; Wills & probate
The person in charge of overseeing the distribution of the estate.
administrator
Legal services; Wills & probate
In 'in testate' situations, i.e. when the deceased does not leave a will, an administrator is appointed by the probate court to oversee the evaluation of the estate, paying debtors and taxes, then ...
appreciated property
Legal services; Wills & probate
Any property (be it real estate, works of art, stocks etc) which has gained value.
