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The IWC Glossary
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
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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Probate
- Deed of Renunciation
- Probate Scotland
- Fixed Fee Probate
- Deed of Variation
- Probate, What is it
Executors Duties
- Probate Valuations
- Probate Clearance
- Probate Process
- Executors Liability
- Probate Registry
IWC are regulated by the Society of Will Writers and Estate Planning Practitioners.IWC Estate Planning & Management Ltd is Registered in England No 4532330.