Why Wills are important for parents If you have children, it is always recommended that you have an up-to-date, valid Will in place. We take a look at some of the main reasons why Wills are important for parents. The main reason for making a Will is to ensure you pass on your wealth to your choice of beneficiary. However,…
Who is allowed to claim against a Will? It can be a shock to find that you have not been included in someone’s Will. You may have expected to inherit from them or you were being supported by them previously. In some situations, you may be able to make a claim if you have been left out of a Will.…
Use of Wills to create Trusts increases Wills are increasingly being used to create trusts to benefit loved ones after someone’s death. We take a look at why you might want to leave money in trust and how this is handled. Trusts are set up by executing a trust deed during your lifetime or alternatively by leaving money or other…
Can a Will be changed after death? Yes, a will can be changed after death. You can even vary intestacy, where the deceased failed to make a Will, and the law takes over. Although this rarely provides the outcome the deceased would have wanted. We look at what to do if you inherit money from someone’s estate but would rather…
Dealing with a business in a will If you are a business owner, then it is particularly important to have a carefully-considered Will in place. Therefore ensuring that your business passes to the right person when the time comes. We look at the considerations of dealing with a business in a Will. Should something happen to you and you have…
Statutory legacy sum raised to £322,000 in 2023 The government has raised the amount a spouse or civil partner can inherit if their partner dies without making a Will. Obviously you should have a will that reflects your current circumstances and wishes. As of 25 July 2023, the statutory legacy sum was raised from £270,000 to £322,000. We take a…
Can you leave a conditional gift in a Will? When you make your Will, you might be tempted to make certain gifts conditional on the beneficiary doing or not doing something. We take a look at whether you can leave a conditional gift in a will. It is open to you to leave your assets to whomever you wish when…
Ex-wife of ice-cream tycoon wins inheritance claim against new wife After successful businessman Ernesto Colicci died, his ex-wife relied on a deed covenanting that his shares in the family ice-cream business should pass to their two children. Therefore not to his second wife, as specified in his later Will. Ernesto Colicci came to the UK from Italy in 1982 and…
Widow wins 50% share of late husbands estate A widow married to her husband for 66 years was left out of his Will. Subsequently she won her court case requesting a share of his estate. The widow wins 50% share of the estate, valued in excess of £1 million. Karnail Singh died in 2021. His Will left his entire estate…
What is considered a bloodline Will? With complex family structures now commonplace, a bloodline Will ensures that your estate passes to the next generation. Protecting your wealth from being passed on to others not related to you. We discuss what are bloodline wills. Remarrying or starting a new relationship with someone but already having children from a former relationship, brings…
