Wills
It is extremely important to have a proper Will. We are often asked to
resolve Estates where the deceased has written a home-made Will on a pre-printed
form or a blank piece of paper. The outcome can be a legal minefield, and
the Will may not be recognised in Law as valid. The consequences of not
preparing a Will at all can be equally bad.
A straightforward Will covers:
-
appointment of Executors
- provision of funeral instructions
- division of the Estate
- appointment of a Guardian for young children, if applicable
- provision for a named beneficiary predeceasing
- Trust provisions for a beneficiary who might be under age
- powers of Trustees
- domicile etc
Cost
Straightforward Will: £50 + VAT
Matching straightforward Wills for husband and wife: £40 + VAT
per Will
Executries
If someone has passed away leaving a Will a number of questions arise,
such as:
- who are the Executors?
- what must they do to wind up the Estate?
- can they wind it up themselves?
- what are the personal responsibilities and liabilities of Executors?
- is a solicitor required?
- is there potential conflict amongst the beneficiaries?
If an Executor or Beneficiary has any doubts regarding the Estate of
a deceased then a solicitor should be consulted.
Powers of Attorney
Injury or ill-health can rob an individual of legal
capacity. This means someone will have to take over responsibility of
looking after that person’s
financial and legal affairs, eg signing cheques. It is preferable
for a spouse, son, daughter, or a combination of all three, to step in.
We
provide helpful and informed advice on Powers of Attorney. |
