Howard Sykes Solicitor Fletcher Day Solicitors. Making a Will.
-
Upload
kristopher-thompson -
Category
Documents
-
view
218 -
download
0
Transcript of Howard Sykes Solicitor Fletcher Day Solicitors. Making a Will.
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?
What happens if you do not make a Will?
Value and nature of assets
Different financial and family circumstances
The Intestacy Rules
Spouse Children
If No Will
Unmarried cohabitation
Second marriage
Making a Will
Mental capacity
Undue Influence
Revocation
Have you made a Will before?
Have circumstances changed?
Burial or Cremation
Religious views
Particular wishes/requirements for funeral
Appointment of Executors
What is an Executor?
How well do you know him/her?
Is he/she;-1 competent
2 trustworthy
The Beneficiaries What will they get?
1 Chattels eg family heirlooms/jewellery/car
2 Money
3 Residue (usually very important)
Signing the Will
Have you read it over?Do you understand it?Does it reflect what you intend?
Signing the Will
Witnesses
Joint ownership
House in joint names
Automatic Right of Survivorship
Specific Shares
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
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
Review your Will
Have your financial or other circumstances or those of your family changed?