Wills, Trusts and Tax
It is important to make a Will. Significant difficulties may face the next of kin of a person who dies without one and property may not end up as the deceased would have wished. It is equally important to review a Will so that it keeps pace with changes in personal circumstances or to the law.
At present it is possible to change a person’s Will after their death by agreement of the executors and all those beneficiaries affected by the change, but they have to be able to consent, that is, they have to be adult, and have mental capacity. It is not possible to bring a Will into existence or to create a new gift to charity, but the statutory provisions for those without a Will can themselves be varied by agreement. Problems arise if a beneficiary is a child or a mentally incapable adult, or if the family need to vary the Will or statutory provisions. A well drafted Will, following a discussion of all the relevant details will go a long way to avoiding these problems.
Wills can be used to establish trusts that outlast the duration of the administration of the deceased’s estate, and we advise on the opportunity for tax and estate planning.
Have you registered your Will?
We can now register your Will for you and there may be a small registration charge.
Why should I register my Will?
If your Will is deemed lost or indeed never written your loved ones and benefactors are exposed to potential financial loss and obviously additional stress.
We hold your Will safely, but we digitally record its location on the Wills register so that benefactors can always locate it when the time comes.
It is a fact that the majority of people (67% in a recent survey) would not know where to locate parents Wills. The passage of time, house moves, and new relationships are all contributing factors to this statistic.
How Do I Register?
Simply call, write or email us firstname.lastname@example.org
to request that we register your Will today.
Wills, Trusts and Tax news
In 2017 we wrote about the Ilott v Mitson case, where the Supreme Court upheld a claim against an estate brought by the long-estranged daughter of the deceased. It was widely predicted that the number of such cases would increase, and this has come about. Today came...
In an unusual case an Executor has been held in contempt of Court. It seems to have been a typical family situation with one of three siblings taking on the role of Executor. Unfortunately, he then proceeded to do nothing useful in the administration of the estate and...
https://www.bbc.co.uk/news/business-52215141 Tassells are very much open for business and ready to help with wills. We are of course aware of the practical problems associated with the vitally important issue of ensuring that the will is properly executed, and are...