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Glossary of Terms – Wills and Estates
March 8, 2011
You have always wondered and now you know: Absolute. Given without any condition. For example, “I give to ‘X’ the residue of my estate absolutely” means just that. Whatever is left in the estate is given absolutely over to that named person. Administrator. A person appointed by the Probate Registry in the absence of a [...]
Located in: Wills & Estates
WILLS -The Basics
March 2, 2011
A will is a legal declaration of your wishes regarding the disposition of your assets after death. As the person who creates the will, you are referred to as the testator (if you are male) or testatrix (if you are female). If your will says that your assets are to be given to certain individuals [...]
Located in: Wills & Estates
Tagged: Administrative Powers, Beneficiaries, Bequest, Disaster Clause, Estate Assets, Executor. Executrix, Investment Powers, Personal Representative, trustee, Will
