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Making a will
Legacy managers

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This guide has been written using as little legal language as possible, but you may find an explanation of the most frequently used words and phrases useful:

BeneficiaryBoy on slide

Someone who receives a gift from the will of a person who has died.

Bequest

A sum of money left to someone through a will. Also used as another word for legacy.

Codicil

A valid legal amendment to a will.

Conditional legacy

The term for any type of will which provides a fallback situation in case of the early death of one or all of the beneficiaries. (For instance, a man may leave everything to his wife, but if his wife dies before him then her gifts could be passed on to someone else.)

Estate

The amount a person owns at the time of their death, after their debts have been paid.

Executor

A person who is named in a will to carry out the instructions that have been set. The executor can be a beneficiary.

IntestateLittle girl

A person's legal situation if they die without making a will.

Legacy

Something left in a will.

Pecuniary legacy

A gift through a will - made in the form of a specified sum of money.

Residuary legacy

A share of the remainder of an estate after all other payments and gifts have been made.

Specific legacy

A specific item such as a piece of jewellery or property.

Testator (male)/Testatrix (female)

A person who makes a will.