Business terms and jargon explained. Your business dictionary
What is Testacy
When a person dies and has prepared a last will and testament they have died "testacy". If they die without a will then they die "intestacy" and the law will decide what happens to the person estate and who inherits.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.