The IWC Glossary

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Abatement

The term used when an estate has insufficient funds to pay pecuniary legacies

Ademption

Ademption is the term used if a Will gifts a specific item that the deceased no longer owns.

Administrator

The person or persons who make the application for Letters of Administration where the deceased left no Will

Advice for Probate

Our website at www.iwc-ltd.co.uk is a hub of probate information

Assent

If a deceased person owned a property the Assent is the legal process to sign the property over to a beneficiary

Assets

Generally Assets are items belonging to a person deemed to have a value


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