This case considered a challenge of a will by an adult child under the Inheritance (Provision for Family and Dependants) Act 1975 and gives useful guidance on how Courts deal with claims brought by adult children.
This very recent case considered a challenge of a will by an adult child under the Inheritance (Provision for Family and Dependants) Act 1975 and gives useful guidance on how Courts deal with claims brought by adult children as well as what “reasonable financial provision” actually means.
When you purchase a property with someone else, you will be asked how you want to own the property. In England and Wales, a property can be held as either joint tenants or tenants in common. However, each ownership is different so let’s explore what they are and what you can do with the share as this is important for the purposes of will writing.
In our last article we looked at some potentially common issues you as an estate planner could face from a client. This article will hopefully provide some helpful tips on what you can do to address such situations
The instruction taking process for Wills and Lasting Powers of Attorney can be a timely and sensitive process for clients. For this reason, it is important to have a good and trusting relationship with your clients where they feel comfortable that their wishes are being listened to and implemented in their estate planning documents, where possible.
For some time it has been well known that any gifts to registered charities are free from inheritance tax if they are made to a UK based charity, whether made during your lifetime or in your Will.
A letter of wishes is a document that provides guidance to your trustees and sits alongside your Will. A letter of wishes is not a legally binding document and therefore there is no legal requirement on the trustees to follow the wishes that are set out.
As another year begins, now is a good time to undertake a review of the current policies and procedures your business has in place from the beginning of taking client instructions to issuing final documents for signature.
Our last article raised a number of common issues we come across when gifts are made in a Will. Here are some more common reasons for a gift failing which we will explore in this article.
Our previous article highlighted issues that can arise with gifts made in a Will. The second part of this article will also focus on further issues we have come across with gifts made in Wills.
The Society of Will Writers is a non-profit making self-regulatory organisation whose primary objectives are the advancement, education and ethical standards within the will writing profession.
The Society of Will Writers what3words: ///ever.embellish.hissing Tel: 01522 687888
Copyright by The Society of Will Writers. All rights reserved.
About The Society of Will Writers
Contact Us
Chancery House
Whisby Way
Lincoln
LN6 3LQ
E-mail: [email protected]Quick Links
Registered in England and Wales. Company Number: 02918900.
