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Glossary

Beneficiary

The person who receives your assets after your death

A Will

A Will is a legal document by which a person, who expresses their wishes as to  how their property is to be distributed at death and names one or more persons, as the executor to manage the estate.

Lasting Power of Attorney (LPA)

A Lasting Power of Attorney (LPA) is a legal document that enables you to appoint a third party to handle your affairs, should you lose the capacity to make decisions for yourself

Limitation of Will

Unless otherwise stated, a Will covers all of your worldwide assets

Legal Guardian

A guardian is someone you have named in your Will as the person you would like to be responsible for your children if they are orphaned before reaching the age of 18.

Trustee

Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another, also a Trustee can be a person who is allowed to do certain tasks but not able to gain income.

Inheritance Tax

Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who’s died.

Gift

It can be anything that has a value such as money, property, possessions.

If you have any other questions, please contact us

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