Appointed person who is responsible for finalising the Estate of a person who has died without a Will.
A beneficiary is someone who receives an inheritance from a deceased person’s Estate.
This is the collective term for everything a deceased person owned. This can include Immovable property such as your home, moveable property such as share transfer property, money in the bank, savings, investments, stocks and shares, vehicles, jewelry and other personal possessions.
This is the person appointed under the Will to finalise their Estate. An Executor is responsible for going through the Probate and Estate administration process.
Letters of Administration
Where there is not a Will, the Administrator of the Estate will be required to apply to the Probate Registry for a Grant of Letters of Administration.
Grant of Probate
Where there is a Will, the Executor is required to apply to the Probate Registry for a Grant of Probate.
Means freehold and flying freehold property (it does not include share transfer property)
When someone dies intestate, it means there is no Will in place. Jersey Intestacy rules will decide who receives an inheritance.
Moveable property mean such as share transfer property, money in the bank, savings, investments, stocks and shares, vehicles, jewelry and other personal possessions.
Probate is the process you must go through in order to get authorisation to deal with a deceased person’s Estate. If there is a Will, the Executor will apply for Probate. If there isn’t a Will, the Administrator will apply for Letters of Administration.
When someone dies testate, it means there is a Will in place. The testators Will will decide who receives an inheritance.
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