Assets - Things someone owns, such as money, investments, property and possessions.
Beneficiary – A person or organisation that has been left something in a will or trust.
Estate - The assets (e.g., money, investments, property, personal possessions etc) left by a deceased person.
Executor - Someone who, named in a will, is responsible for managing the deceased estate.
Grant of probate - The official court document that confirms the executors' legal authority under a will to deal with an estate.
Grant of representation - Grant of probate or letters of administration confirming who has the legal authority to deal with an estate.
Intestate - The term used when the person has died without a will being made.
Letters of administration - This lets a named person deal with the deceased's estate if there isn't an executor.
Liabilities - Any debt the deceased has, or any costs an executor has to pay, while handling the estate.
Personal representatives - As a group, executors and administrators are called personal representatives.
Probate - The process through which the executors or administrators of a deceased person's estate get the court's permission to deal with it.
Trust – A trust allows assets to pass to someone while you are alive or under the terms of a will. Rather than being received outright, the assets are received with restrictions so can only be used in the way that has been prescribed.
Will - A witnessed written legal document setting out how a person wishes their estate to be distributed on death.