Glossary – explanation of terms

Written by

in

  • Testator – the person who makes the will
  • Executor – the person(s) who collect in the assets, pay the bills and distribute the assets to the beneficiaries.
  • Beneficiary – the person(s) who receive a benefit from the estate according to the terms of the will
  • Probate – the approval of the Supreme Court to the will.
  • Intestacy – when a person dies without a will.
  • Household chattels (where someone dies without a will) – there is a lengthy definition in the Wills Probate & Administration Act Section 61A (which is too boring to include) but it specifically excludes motor vehicles, boats, aircraft, racing animals, original painting, trophy, clothing, jewellery or other chattel of a personal nature.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *