Being an executor is an important and sometimes demanding responsibility, so it
is vital you choose yours with care.
It is often a good idea to talk to anyone you’re thinking of appointing before
you write your will to make sure they have a fair understanding of what will be
expected of them and they are happy to take on this role. If they are not
willing, they will have the right to refuse the responsibility when the time
comes, so it makes sense to get their permission in advance.
Who can be
Out of all the decisions you’ll need to make whilst writing your will, choosing
who will look after your children if you and their other parent were to die, is
possibly one of the hardest decisions you will have to make. Whilst it might be
an upsetting prospect, it’s an important decision and one you’ll most certainly
want to get right. So, who should you choose?
Choosing the right guardians
Most people choose a brother, sister or close friend to be guardians, but does
being a good friend or y
Yes, you can leave your estate to whoever you choose. Children tend to be a
popular choice and they can still inherit, even if they are under 18.
Trusts
Where a child is under 18 their inheritance will be held in a trust for them
until they are 18. When you make your will you appoint the trustees to oversee
the trust.
Until the child reaches 18, the trustees are able to use the inheritance and any
income from investing it for the benefit of the child.
You can read more about trustees in our t
If you have children under 18, have you ever considered what would happen to
them if you were to die? Who would look after them?
Guardianship
For many people, appointing people to look after their children if they die is
one of the most important functions of a will. These people – guardians – will
have “parental responsibility” for the children. A person with parental
responsibility is entitled to take decisions on behalf of a child for example
about education, medical treatment and where th
Free wills month is upon us and if you happen to be 55 or over this provides you with the chance to create your will completely free of charge. If you have ever considered making a will and have been baffled by the terminology this guide will provide a fast reference for common rules and terminology in plain English.
1.What Makes A Will Valid?
It must be made by a person who is of sound mind who is over 18, voluntarily and without pressure. It must be signed by 2 witnesses that are not benefic Read More »
You may have seen notices or advertisements promoting Free Wills Month. If you
are not sure what it is all about then this article will help you to understand
what the Free Wills Month program is all about and learn about its benefits.
Free Wills Month takes place in March and October each year and offers you the
chance to prepare your will free of charge. The offer applies to those 55 years
of age and older and may be used to create your first will or to create a whole
new will even if you ha Read More »
You may already know that the month of October is Free Will Writing Month. This
is a great opportunity for those that haven't already prepared this vital
document to do so without charge.
For the entire month of October those aged 55 and over can write a will and
leave their estate, assets, and valuables to their loved ones. Appoint an
executor, name beneficiaries and make sure your legacy goes to the right people.
There are several places where you can write your will for free during the mont Read More »
When creating a will to document the division of an estate or assets, the
tendency can be to look for a will writing service that is located close by.
Historically the large majority of people have visited their town center or
high street and prepared their will with a local solicitor.
In fact, the term ‘will writing services near me’ scores very high for the
number of searches in Google’s engine.
This demonstrates that for those looking to write their will there is a common
thread of seekin Read More »
You have until June 4th to write your Will
[https://www.affio.co.uk/why-should-i-use-an-online-will-writing-service] and
register it for free with The National Will Register
[https://www.nationalwillregister.co.uk/aboutwillregistration.aspx] using code
FreeWillReg2021.
The National Will Register is a trusted partner of the Law Society of England
and Wales. The register is used by individuals, families, organizations,
government agencies and law firms to register their will. There are over 8
mi Read More »