Glossary
The legal terms used in the process of making or updating a Will can be confusing. Here we explain the most common words and phrases that you may come across.
- Beneficiary
- Any person or organisation to whom you wish to leave a legacy or bequest (gift) in your Will.
- Codicil
- Any change or addition that you make to your Will. It must follow the same legal formalities as the original Will.
- Contingent bequest
- A gift in your Will which depends upon the occurrence of an event which may or may not happen. For example - a bequest to a charity which applies only if other beneficiaries named in the Will die before the testator (person who made the Will).
- Endowment
- The property (as a fund) donated to an institution or organization that is invested and producing income.
- Estate
- The total sum of your possessions, property and money (minus debts) left after your death.
- Executor(s)
- Person(s) appointed by you to make sure the wishes in your Will are carried out.
- Intestate
- The condition of dying without having made a Will.
- Legacy
- A bequest or gift left in your Will. It can be in the form of money, property, stocks and shares or possessions.
- Life interest
- The right of a beneficiary to benefit from part or all of an estate for their lifetime.
- Pecuniary bequest
- A gift of a fixed sum of money in your Will.
- Probate
- the legal procedure after death which confirms your Will is valid and confirms the executors' authority to carry out your wishes.
- Residuary bequest
- A gift of the remainder of the estate after all other bequests have been made and debts cleared.
- Specific bequest
- A particular named item left as a gift in your Will - for example, a piece of jewellery.
- Testator
- A person who has made a Will.


