Probate glossary

Probate Solicitors in Portsmouth

When you work with Andrew & Andrew, we offer you excellent communication skills and a commitment to ensuring that you are well-informed at every stage of the process when we are acting as your probate solicitors in Portsmouth.

Most legal procedures come with their own terms. Some of these may be familiar to you while others are new. We use jargon as infrequently as possible but you will see these terms come up during the probate process and on documents that you may need to sign. It’s important that you always understand what you are agreeing to and that’s part of our job when we are acting as your probate solicitors in Portsmouth.

Estate

The estate is everything that was owned by the deceased. Items covered by the term ‘estate’ might include:

  • Property or shares in a property
  • The contents of all savings and bank accounts
  • Stocks and shares
  • Any other possessions.

The estate is divided up after someone passes away. How this is done depends on what documentation is in place, if any.

Executor

The executor is someone who administers a person’s estate after death. They are often named in the will. A will might name more than one executor and they do not all have to be involved to proceed. Duties of an executor might include:

  • Locating the will
  • Ascertaining the extent of the deceased’s assets
  • Informing institution that the deceased has passed away
  • Paying inheritance tax
  • Locating beneficiaries of the will.

We can assist you, if you are in the position of executor, when you engage us as your probate solicitor in Portsmouth. In the case of complex estates, some people name a solicitor as one of their executors to ensure that all procedures are correctly followed.

Will

This is the key document that everyone will be working with when someone passes away. It details the deceased’s wishes in reference to their estate and might include the following:

  • Division of assets
  • Wishes regarding funeral arrangements
  • Specific people who are excluded from the proceeds of the
  • estate
  • Names and details of executors.If someone dies without having made a will, the estate is deemed to be intestate and things can get quite complicated.