The IWC Glossary

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Bankrupt

If a person can not pay his or her debts the creditors can apply to the courts to make the person Bankrupt

Beneficiary

A person who is mentioned in a Will that will receive a gift.

Bequests

Bequests are different typs of Gifts made within a Will. There are five different types of Bequests

Bereaved

The term used to define the losing of another

Bona Vacantia

If a deceased person left no traceable next of kin the treasury solicitor will claim the estate as Bona Vacantia


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