Glossary of terms
|Executors:||a person or institution appointed to carry out the terms of their will|
|Beneficiaries:||The beneficiaries are the persons who benefit under the terms of the Will.|
|Guardians:||The guardians are the person/persons nominated to look after your children if you die before they reach the age of 18. A guardian can also be a trustee|
|Trustees:||A Trustee is someone who holds property on trust for another – i.e. a beneficiary (general a child). It is often the case that the Executors named in the Will are also appointed Trustees. It is usual practice to appoint at least two Trustees, when making a Will.|
|Estate:||Your estate effectively consists of all you own. It includes property, bank accounts, money, shares and possessions. All property where real or movable|
*In contentious business, a solicitor may not calculate fees or other charges as a percentage or proportion of any award or settlement.