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Glossary of Key Terms

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A person appointed by the court to manage the estate of someone who dies without a will.


A person who receives assets or benefits from a will, trust, or life insurance policy.


A specific item or amount of money left to someone in a will.


An addition or amendment to an existing will.

Conveyancing Solicitor

A solicitor who handles the legal aspects of buying and selling property.

Digital Legacy Contact

A person designated to manage your digital accounts and online presence after your death.

Discretionary Trust for Life Insurance

A trust that allows trustees to decide how life insurance proceeds are distributed to beneficiaries.


All the money, property, and assets owned by an individual at the time of their death.


A person named in a will to manage the estate and ensure that the wishes in the will are carried out.

Funeral Plan

A prepaid plan that covers the cost of your funeral arrangements.

Funeral Wishes

Your specific preferences and instructions for your funeral.

Gift Ledger

A record of gifts given to family and friends, often used for tax purposes.

Guarantor Duties

The responsibilities of a person who guarantees to pay a debt if the borrower cannot.

Inheritance Tax

A tax on the estate of someone who has passed away, payable by the estate before distribution to beneficiaries.


Dying without a valid will.

Joint Tenants

A form of property ownership where two or more people own the property equally. When one owner dies, their share passes automatically to the other owner(s).

Key Holder

A trusted person who holds keys to your property and can access it if needed.

Lasting Power of Attorney – Health and Welfare

A legal document allowing someone to make decisions about your health and care if you are unable to do so.

Lasting Power of Attorney – Property and Finances

A legal document allowing someone to manage your financial affairs if you are unable to do so.

Life & Critical Illness Insurance

Insurance that provides a lump sum payment if you are diagnosed with a critical illness or die.

Life Assurance

A policy that pays out a lump sum upon your death to your beneficiaries.

Mortgage Advisor

A professional who provides advice on mortgage options and helps arrange loans for property purchases.

Mortgage Completion Statement

A document detailing the final amounts payable to complete a mortgage transaction.


The legal process of administering the estate of a deceased person.

Probate Administrator

A person appointed to manage the estate of someone who dies without a will.

Probate Solicitor

A solicitor who specializes in managing the legal aspects of probate.

Protective Property Trust

A trust designed to protect your share of a property from being used to pay for care fees.

Property Purchase Completion Statement

A document that outlines all the final costs and payments involved in completing a property purchase.

Seed Phrase

A series of words generated by your cryptocurrency wallet that allows you to access your wallet and funds. It’s crucial to keep this phrase safe and private.

Tenants in Common

A form of property ownership where two or more people own a property in specific shares. Each owner can pass on their share through their will.


A person who has made a valid will.

Title Deeds

Legal documents that prove ownership of a property.


A person or organization that holds and manages assets in a trust for the benefit of the beneficiaries.


A legal document that sets out how you want your assets to be distributed after your death.