There are a number of things that make a Will valid. Please look at this list for further information: The testator must be at least 18 years old. The Will must be in writing. The testator must have made the Will voluntarily without undue pressure. The testator must be of sound mind. They must...
Witnessing a Will – Simplifying the process? Considerations when witnessing a Will: To be valid a Will must comply with all of the requirements of section 9 of the Wills Act 1837. One such requirement is that a Will must be signed by the testator (person making the Will) in the presence of two...
Charitable Bequests Have you considered donating to charity under your Will? It’s a great way to continue to support a cause that you are passionate about even after you have passed away. Leaving a gift to charity in your Will can also reduce the amount of inheritance tax (IHT) payable on your estate. Some...
Gifting at Christmas The History of Christmas Christmas is a festive holiday traditionally celebrated over 12 days (Christmas Tide) culminating on the twelfth night. The celebration centres around the birth of Christ which is celebrated on the 25th December. Over recent years Christmas has become a commercial phenomenon recognised by the giving and receiving...
Some simple background information When considering a PPT it is important to be able to distinguish the difference between tenants in common (TiC) and joint tenants (JT). In short both TiC and JT refer to how a property is held or owned and this ‘ownership’ is registered with the Land Registry. Traditionally, when houses...
The Role of an Executor In short the role of an Executor is to distribute the estate of the testator in accordance with the wishes dictated in the Will. Quite often this will mean drawing in assets and paying any liabilities owed before being able to make any of the gifts. Choosing an Executor The...
Ilott v Mitson – Will this affect future claims? The case of Ilott v Mitson is one which, by now, you will be most familiar with. The recent Court of Appeal ruling received huge publicity and concerned a claim for reasonable financial provision under the Inheritance (Provisions for Family and Dependents) Act 1975 by an...
Have you given any thought to what would happen to your business or businesses if you died or lost capacity? If you haven’t planned for your business succession then you could be lining your family or employees up for some sleepless nights. Not having a ‘business will’ or ‘commercial LPA’ in place which would...
Let’s face it, we are all going to die at some point. We don’t know exactly when this will be so we need to be prepared, yet so many of us put it off thinking it can wait. This series of points has been designed to give some ‘need to know’ information on will writing...
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