Enduring power of attorney

The older form of document appointing an attorney to act on behalf of someone unable to act for themselves; now replaced by lasting power of attorney.

Estate

A general term for the assets and liabilities together - everything that belonged to the deceased, or which was owed to them (or would be owed to them on death), together with everything that the deceased owed or is to be paid on their death.

Estate accounts

The accounts of assets and liabilities of a person’s estate, usually prepared after death in order to calculate inheritance tax.

Executor

A person named in the Will of a deceased, with the responsibility for administering the estate. The grant of probate will be made to the Executor(s).

Exempt beneficiary

A beneficiary who does not pay any inheritance tax on a gift to them (e.g. spouse, civil partner, charity).

Express revocation clause

A clause in a Will that expressly revokes any previous Wills the testator has made when the new Will is signed.