What you need to do
Beneficiary - Someone who receives or shares in the proceeds from a deceased person’s Estate.
Death certificate - An official document issued by the Registry of Births, Deaths and Marriages containing the information registered when someone passes away, including the date, place and cause of death.
Deceased estate - Property and assets of someone who has passed away.
Executor - Person/s named in a Will who take charge of the deceased’s assets and property, ensuring all expenses (funeral costs, debts or any outstanding invoices) are paid and distributing the remaining assets to the beneficiaries in accordance with the Will.
Grant of Probate - A document issued by the Supreme Court that confirms the validity of a Will, and authorises the executor/s to act.
Intestate - The scenario wherein an individual has passed away without leaving a valid Will.
Letters of Administration - Letters of Administration are documents granted by the Supreme Court, giving authority to an administrator to collect and distribute the assets of the Estate, in the absence of a valid Will.
Power of Attorney - A formal document wherein a person, known as the principal or donor, gives someone else the legal authority to look after their financial affairs on their behalf. However, this authority ceases upon the death of the principal/donor.
Testate - The scenario wherein an individual has passed away, leaving a valid Will.
Will - A legal document in which a person specifies how they wish their Estate to be distributed after their passing.