Definitions Flashcards
1
Q
Testator
A
Person who has died with a will in place
2
Q
Residue
A
Left amount of the estate after debts, inheritance taxes and gifts have been paid
3
Q
Legacy
A
Gifts under the will
4
Q
Intestate
A
Person who died without a will in place
5
Q
Personal representatives
A
Executor/administrator
6
Q
Executor
A
Appointed by the will
7
Q
Administrator
A
Deals with the estate, no will or will in place with no valid executor
8
Q
Renunciation
A
Removing yourself as an executor
