Administrator — a person appointed by a court to administer the estate of a deceased person (probably not appointed in any Will)
Assets — a person appointed by a court to administer the estate of a deceased person (probably not appointed in any Will)
Attorney — a person or organisation legally appointed or empowered to act on behalf of another
Authority — the power to act granted by a person or organisation to his or her agent
Beneficiary/Beneficial Owner — a person entitled to receive the benefit of assets, under legal ownership or succession through a will, trust, insurance policy, etc.
Chattels — movable articles of personal property, i.e. any article of tangible property other than land, buildings, and other things annexed to land
Claimant — a person who makes a claim
Custodian — a person or organisation entrusted with holding or managing assets
Due Diligence — the checks carried-out by our staff to ensure a person’s identity and residence
Enduring Power of Attorney — legal authorisation to act on behalf of someone else in a legal or business matter
Entitlement — a title, right, or claim to assets or property
Estate — the property of a deceased person, usually formed by the conjunction or collection of particulars into a whole mass or sum total
Executor/Executrix — a person named in a deceased’s Will to carry out the provisions of that Will, legally appointed by the court
Grant of Probate/Administration — the official certificate stating a Will to be genuine (if there was one); conferring on the administrator(s) power to administer the estate
Intestate — died without having made a valid Will
Next of Kin — relatives entitled by law to inherit the property of an individual, often the closest blood relative(s) or a surviving spouse
Past Recoverable Income — accrued interest and earnings specifically related to an asset
Personal Representative(s) — a person or persons acting in the capacity of either Executor or Administrator
Prior Knowledge — having a demonstrable prior awareness of an asset or property, or associated income(s)
Trustee — a person or organisation to whom property is legally but not beneficially owned by; administered for the beneficiaries
Have we been in touch
If you have received correspondence from us, contact us to speak with one of our Case Managers.
