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What You Should Not Put In Your Will

When you prepare a Will, it is important to note not every asset can, or should, be passed on. This post explores what you cannot put in your Will, so you can avoid any expensive mistakes. Assets in a Trust In a trust, the trustees take legal ownership of any named assets. These assets [...]

2021-06-22T17:27:04+00:00June 22nd, 2021|Probate, Will writing|0 Comments

Do Wills Have To Be Registered?

When you draw up a will, it's essential to keep it in a safe place. But many people wonder if it's necessary to have the will registered as well. This post answers that question, whilst exploring the consequences of whatever action you take. Is Registration Compulsory? The first thing to state is that will [...]

2021-05-28T12:58:49+00:00May 28th, 2021|Probate, Will writing|0 Comments

Can A Will Be Contested?

When a person dies, family and friends want to know how that person’s estate will be divided up. But what if these loved ones aren't happy with the will’s terms? Or the circumstances surrounding its creation? This post answers the question 'can a will be contested?' Yes, you can contest a will. For the [...]

2021-04-28T14:00:54+00:00April 28th, 2021|Contested Will|0 Comments

How Long Does A Lasting Power of Attorney Last?

When an individual (known as a donor) gives authority to another person to make decisions about their welfare and/or financial matters, this is correctly done through a Power of Attorney. The two main types are: General (or Ordinary) Power of Attorney; or Lasting Power of Attorney (LPA). I will discuss the General Power of [...]

2020-06-17T00:27:47+00:00June 17th, 2020|Lasting Power of Attorney|0 Comments

LEAVING LEGACIES TO MINORS: THE PROS AND CONS

Most parents want to give their children, or other close relatives, the best start in life. As such, many may consider leaving gifts to these people. This could be specific items, or sums of money - legacies. But some people prefer to put an age stipulation on when the beneficiary can receive this legacy. Here, [...]

2019-09-09T17:24:16+00:00October 28th, 2019|Will writing|0 Comments

3 COMMON MYTHS ABOUT WILLS DEBUNKED

For something as important as making a will, there are many incorrect misconceptions around it. Wills, in fact, are often greatly misunderstood when you go beyond the basics of what they do. While many people know how important it is to have one in place, not everyone knows about them in detail. This is [...]

2020-05-22T10:24:36+00:00October 24th, 2019|Will writing|0 Comments

THINGS TO CONSIDER WHEN PREPARING YOUR WILLS

Writing a will is important regardless of your age as it means that you have clearly stipulated how you want your estate divided after your death. There are nuances that one should know before writing a will, keeping in mind that a defective will cannot be enforced, and this might result in your assets landing [...]

2019-09-09T17:16:53+00:00October 21st, 2019|Will writing|0 Comments

INHERITANCE TAX PLANNING IS ESSENTIAL FOR MANY PEOPLE

Inheritance tax (IHT) planning can be an essential activity for many people as they reach an older age. Ultimately, if you don't want to leave almost half of your estate to the government, it's important to work out ways to leave as much as possible of the property you own to the people you love. [...]

2019-09-09T17:12:27+00:00October 17th, 2019|Will writing|0 Comments

I WANT TO PROVIDE FOR MY PARTNER, BUT I’M WORRIED ABOUT THEM REMARRYING AND MY KIDS LOSING OUT

Many married couples make wills that leave everything to each other when they die. The biggest and most apparent advantage of this approach is that the remaining spouse gets everything and can do as they wish with the estate. The disadvantage, however, is that your spouse can then give away parts of that estate to [...]

2019-09-09T17:25:04+00:00October 7th, 2019|Contested Will, Probate, Will writing|0 Comments

HOW PROBATE WORKS WHEN YOU CAN’T FIND THE WILL

At death, the affairs of the deceased should be wound up, their debts settled, and their remaining estate distributed to the beneficiaries. The entire process is referred to as ‘probate’, and it could differ depending on whether the deceased died with a will or without a will. In some instances, you may be sure that [...]

2019-09-09T16:57:41+00:00October 3rd, 2019|Contested Will, Probate, Will writing|0 Comments