If you own your home as joint beneficial tenants your co-owner automatically takes your ‘share’ if you die before them. You cannot make a valid gift of your ‘share’ in your Will.
This is a common question often asked by clients and comes from a misconception that there’s a conflict between the two roles.
Using a stationery form to write your Will may seem like an inexpensive option. Our team regularly review handwritten Wills that contain minor (and major) errors that mean they are not valid or – worse still – don’t have the effect that the Will maker intended. Literally not worth the paper they’re written on.
Understanding your legal documents is essential. In this blog we explain the key legal terms used in estate planning.
Reviewing your Will at key times in your life is crucial and any amendments are made promptly as your circumstances change.
Millions of pounds worth of cryptocurrency have been lost forever because owners have died without leaving a contingency plan. According to a 2020 study by the Cremation Institute, nearly 90 percent of all cryptocurrency owners are worried about what will happen to their crypto when they die but fail to make provision so it is not lost forever.
Many people don’t make a Will because they don’t want to consider the awful possibility of not being there for their children. As with all things in life, failing to plan doesn’t stop bad things from happening. Appointing a guardian will avoid making a distressing situation, however unlikely, less painful for your children.
If you have been named as the Executor of someone’s Will, you may decide not to take on the role. If you do decide to act as an Executor, you have certain legal responsibilities and duties.
Digital assets are often overlooked when making a Will, unless someone prompts you to think about them. Some digital assets have a monetary value. Others don’t, but may have sentimental value – family photos for example.
Estate Planning Consultant, Lisa Carr, offers practical advice for avoiding a legal claim where family members have fallen out and are excluded as a beneficiary.