Know Your Estate

GLOSSARY
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Administrator

A person appointed to deal with the estate of the Deceased in cases of intestacy.

Beneficiary

A person entitled to benefit from an estate.

Codicil

An amendment made to a Will. Usually attached to the end of the original Will.

Commission

A fee paid to International Searchers upon successful completion of collecting an unclaimed account/fund/estate. Usually done as a percentage.

Devisee

A beneficiary named in a will.

Estate

The estate is what a person leaves when they die. It is made up of both their assets (property, bank accounts, etc.) and any outstanding debts/taxes.

Executor

The person named by the Deceased to be responsible for ensuring that the terms of the will are carried out.

Intestate

When a person dies without leaving a will.

Legatee

A beneficiary named in a will.

Probate

A probate is done when a will is accepted by the court, administered, and completed, allowing distribution of the estate.

Probate Genealogist

A genealogist that specializes in locating heirs of an estate.

Residuary Estate

The residue of the estate that is left after all other specific bequests have been deducted.

Testate

When a person dies leaving a will.

Testator/Testatrix

The Deceased who made the will.

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