Will Help (Quickie)
Options
Comments
-
It's really good advice and it has opened my eyes a little.
I have previously seen a solicitor and they effectively used an online form as my will is not complicated.
Pretty annoying to be honest, especially as circumstances have now changed and I need to change it. I'm likely to be changing it a few times over the next few years as well.
Hence went down the form route. To me it reads ok, I get the concerns, and will have to have a good think.
I didn't like the 4 way arrangement (named) 100%, 0%, 0%, 0%. The rest is legally ok.
I've been executor of two wills in my time, and the only time I've used a solicitor with one of them the estate was charged over £2k, some of the charges where very poor, but legal.
I have a slight issue with them and would prefer to avoid.0 -
Please, Do Not play Single Transferable Vote with your Will.
Pay a proper solicitor, and then rest in peace not under the turf as your family brangles above it.
I can understand not wanting to get financially stung but I think your choices are not get stung while you are breathing & delegate the pain & much more money & stress to your family, or take the can-be-minimised hit now.0 -
Residuary Gift: I give the residue of my estate to my executors and trustees to hold on trust to pay my debts, taxes and testamentary expenses and give the residue in shares
according the percentages specified to:
My child xxxxxxxxxxxx 100%
and My spouse, civil partner or partner's child from a previous relationship xxxxxxx
and My grand child xxxxxxxxx and My grand child xxxxxxxxxxxxxxYou also need different wording to cover what happens if any of 2, 3 or 4 are due to inherit (because 1 has died) but have died 'leaving issue' (ie with children).
The default position is that if a beneficiaries dies but leaves children, then the children inherit that 'share'. It can be worded to exclude children of deceased beneficiaries.
That would only apply to the child and grandchildren, not the 'spouse, civil partner or partner's child'.0 -
The confusion about the 4 or 5th person is below.
I name a person who is my late wife's child.
The "type" or relationship is "My spouse, civil partner or partner's child from a previous relationship"
I can add their NI numbers to also aid ambiguity....0 -
The confusion about the 4 or 5th person is below.
I name a person who is my late wife's child.
The "type" or relationship is "My spouse, civil partner or partner's child from a previous relationship"
I can add their NI numbers to also aid ambiguity....
Please don’t continue with this on line will writing route, do it properly and make an appointment with a local solicitor on Monday.0 -
The confusion about the 4 or 5th person is below.
I name a person who is my late wife's child.
The "type" or relationship is "My spouse, civil partner or partner's child from a previous relationship"
I can add their NI numbers to also aid ambiguity....0 -
The confusion about the 4 or 5th person is below.
I name a person who is my late wife's child.
The "type" or relationship is "My spouse, civil partner or partner's child from a previous relationship"
I can add their NI numbers to also aid ambiguity....
You're contributing to the ambiguity...0 -
Manxman_in_exile wrote: »You're contributing to the ambiguity...0
-
The confusion about the 4 or 5th person is below.
I name a person who is my late wife's child.
The "type" or relationship is "My spouse, civil partner or partner's child from a previous relationship"
I can add their NI numbers to also aid ambiguity....
You have this completed incorrectly! This part should ONLY include the 100% residual beneficiary and no other names/percentages. Read the words.... the next part is where you would put the 3 who would receive the estate if your 100% beneficiary has died. That is why the printed out Will is nonsense!
Computer programs work in tiny steps, and then reveal other questions based on your response. You are trying to put too much information into the wrong area. Answer the questions asked by program, not what you think it should ask!0
This discussion has been closed.
Categories
- All Categories
- 343.3K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.3K Work, Benefits & Business
- 608.1K Mortgages, Homes & Bills
- 173.1K Life & Family
- 248K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards