Glossary
ADMINISTRATION/ADMINISTRATRIX
(Also known as Personal Representative) Person appointed by the court to manage and distribute the estate of a person who dies without a Will.
BENEFICIARY
A person named to receive property or benefits.
BEQUEST
A gift of personal property by a Will.
BEQUEATH
To dispose of personal property through a Will.
CAVEAT
A formal Notice filed with the Surrogate’s Court by someone to prevent the proving of a Will or the grant of administration of an estate.
CODICIL
An addition or supplement made to delete or add to provisions of a Will.
CONTINGENT BENEFICIARY
A recipient of property or benefits if first named beneficiary dies before receiving all benefits.
CONTRACT
A legally enforceable agreement.
DECEDENT
A deceased person.
DEVISE
A gift of real or personal property made by Will.
DOMESTIC PARTNER
A person who is in a New Jersey registered domestic partner relationship
ESTATE
Everything a person owns, all real and personal property.
EXECUTOR/EXECUTRIX
(Also known as Personal Representative) A person or institution named in the Will to carry out the provisions and directions of the Will.
GUARDIAN
A person who has qualified and/or been appointed as a guardian of the person and/or property of a minor or adult incapacitated person.
HEIR
A person who inherits property from a deceased person.
INTESTATE
When a person dies without a Will.
JOINT TENANCY WITH RIGHTS OF SURVIVORSHIP
Two or more persons owning real property where the survivor will inherit the property.
LEGATEE
A person who receives a gift under a Will.
LEVIED
To collect by assessment.
LIEN
A charge upon property, real or personal for the satisfaction of a debt.
NOTICE OF PROBATE
A notice in writing signed by the Executor/trix of the Will to all beneficiaries under the Will and to those who would have inherited under the intestacy rule that the Will has been probated, the place and date of the probate, the name and address of the Executor/trix and a statement that a copy of the Will shall be furnished upon request.
PERSONAL PROPERTY
Intangible property, such as stocks, bonds, or bank accounts and tangible property such as furniture, automobiles and jewelry.
PROBATE
An official determination as to the validity of the Will.
REAL PROPERTY
Land and/or buildings.
SHORT CERTIFICATE
Legal document issued by the Surrogate’s Court to the Executor or Administrator of an estate that is used as proof of his/her authority to transfer or sell assets of the deceased.
SURROGATE
The elected county official who oversees probate in the State of New Jersey.
TENANTS IN COMMON
Two or more persons owning undivided individual interests in a single piece of property.
TENANTS BY THE ENTIRETY
Real property owned as husband and wife with rights of survivorship.
TESTATOR/TESTATRIX
The person who makes the Will.
TRUST
A property held and managed by one person for the benefit of another.
TRUSTEE
A person or institution holding property in trust.
WAIVER
A legal instrument relinquishing a right or lien.
WITNESS
A person who observes the signing of a Will and attests to the signatures.
