Howard Sykes Solicitor Fletcher Day Solicitors. Making a Will.

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Howard Sykes Solicitor Fletcher Day Solicitors

Transcript of Howard Sykes Solicitor Fletcher Day Solicitors. Making a Will.

Page 1: Howard Sykes Solicitor Fletcher Day Solicitors. Making a Will.

Howard Sykes Solicitor

Fletcher Day Solicitors

Page 2: Howard Sykes Solicitor Fletcher Day Solicitors. Making a Will.

Making a Will

Page 3: Howard Sykes Solicitor Fletcher Day Solicitors. Making a Will.

What is a Will?

What does it do?

What happens if there is no Will?

Why does it matter?

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What happens if you do not make a Will?

Value and nature of assets

Different financial and family circumstances

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The Intestacy Rules

Spouse Children

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If No Will

Unmarried cohabitation

Second marriage

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Making a Will

Mental capacity

Undue Influence

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Revocation

Have you made a Will before?

Have circumstances changed?

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Burial or Cremation

Religious views

Particular wishes/requirements for funeral

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Appointment of Executors

What is an Executor?

How well do you know him/her?

Is he/she;-1 competent

2 trustworthy

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The Beneficiaries What will they get?

1 Chattels eg family heirlooms/jewellery/car

2 Money

3 Residue (usually very important)

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Signing the Will

Have you read it over?Do you understand it?Does it reflect what you intend?

Signing the Will

Witnesses

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Joint ownership

House in joint names

Automatic Right of Survivorship

Specific Shares

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Inheritance Provision for Family and Dependents Act 1975

Claims can be made by people who feel that they have unfairly been left out

Either because of the terms of the Will or the Intestacy Rules

Eg partner or child of the Deceased or if you lived with the Deceased for at least two years prior to his death.

BUT Court decides on merit of claim

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Keep it in a safe place

Tell your executors where it is

Eg solicitors office

Not at the back of a cupboard to be forgotten

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Review your Will

Have your financial or other circumstances or those of your family changed?

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Howard Sykes

Fletcher Day Solicitors

25 Savile RowLondon W1S 2ER

0207 632 0089

[email protected]