Beneficiaries of Wills may be vulnerable for many reasons, including but not limited to learning difficulties, illness, and addiction. How do we provide for a vulnerable (and possibly dependent) adult Beneficiary in our Will? The beneficiary’s vulnerability is not as important as their care needs, and the solution is known as a Vulnerable Person Trust. …
A Will is NOT Simply a List
A Will is NOT simply a list of who does what, and who receives what, after we die. If that were the case, then there would be little need for solicitors and professional Will Writers because people would merely prepare such a list at their own convenience. Here are a few examples of potential issues …
Jointly Owned Property and Wills – The Connection
Jointly Owned Property and Wills: If you own your property as Joint Tenants with another person or people, you may decide that you want to change the ownership, so it is then held as Tenants in Common instead. This will enable you to gift your share of the property to someone other than your co-owner(s) …
Guardians
Who can be a Guardian? Anyone can be appointed as a Guardian in your locally produced Will if they are over the age of 18 years. Anyone who is appointed as a Guardian will have Parental Responsibility (PR) for your children and therefore can make decisions about matters including: Appointing a Guardian in your Will …
Local Will Writing in Devon and Wolverhampton
A Will is a legal document which confirms your requirements for how your assets should be distributed after your lifetime. It is a crucial element of your overall estate plan. Having an accurate and all-encompassing valid Will can help ensure that your assets are distributed correctly according to your wishes, avoid probate disputes, and minimise …
Wills and Vulnerable Beneficiaries
Will beneficiaries can be vulnerable for many reasons, including but not limited to learning difficulties, illness, and addiction. How do we provide for a vulnerable, possibly dependent adult Beneficiary in our Will? The beneficiary’s vulnerability is not as important as their care needs, and the solution is known as a Vulnerable Person Trust. Vulnerable Person …
TRF Wills (TRF) was created by Michael Cotterill in 2005. He is a member of the Society of Will Writers and registered with the Information Commissioner’s Office.