Yes they can. In fact many people choose close friends or relatives to be their
executors, so it is only natural that they will also be beneficiaries too.
Your executors can receive any amount in your will, just like any other person.
So, that could be a specific gift, property, a substantial share or even the
whole lot – there are no restrictions on what you can leave them.
The only rule you need to concern yourself with is that a beneficiary can’t be
one of your witnesses.
Whilst most of your assets and possessions can be left to anyone you choose,
there are a number of things which fall outside the scope of your will and will
be disregarded, no matter what you request.
Items which can’t be included:
* Joint bank accounts – any funds in these accounts will automatically go to
the surviving account holder.
* Any property held as a joint tenancy – your half of the property will
automatically go to the surviving joint tenant. See our ‘Your home and your
If you die without leaving a will, then the state decides how your estate
(money, property, personal processions etc.) is distributed, using the intestacy
rules. These rules are thought by many to be old fashioned and may not reflect
what you would have wanted to happen. Key people such as your partner could be
excluded under the intestacy rules.
The rules used can be complicated, but here are some of the highlights:
* Currently if you are married or in a civil partnership, yo
If circumstances have changed or the will is worded poorly then gifts may not
come into effect in the way you want. It’s vital your will is written clearly
There are two main reasons a gift might fail:
Circumstances have changed
Examples of changes in circumstances that can cause a gift to fail include:
* The Testator no longer owns the item or property matching the description in
* The Beneficiary dies before the person who made the will.
* A charity mentioned
You might have already approached the people you’re going to appoint as
guardians and executors in your will for their permission to do so, but let’s
face it, a lot can change between now and when your will’s going to be needed.
This could include these key people changing their mind, not being around
anymore or not being physically able to carry out their responsibilities.
How you can minimise the risk of this happening
We’d always recommend you appoint substitutes for the key appointments in
When creating a will to document the division of an estate or assets, the
tendency can be to look for a will writing service that is located close by.
Historically the large majority of people have visited their town center or
high street and prepared their will with a local solicitor.
In fact, the term ‘will writing services near me’ scores very high for the
number of searches in Google’s engine.
This demonstrates that for those looking to write their will there is a common
thread of seekin Read More »
You have until June 4th to write your Will
register it for free with The National Will Register
[https://www.nationalwillregister.co.uk/aboutwillregistration.aspx] using code
The National Will Register is a trusted partner of the Law Society of England
and Wales. The register is used by individuals, families, organizations,
government agencies and law firms to register their will. There are over 8
mi Read More »
There is a lot of talk around the importance of writing a will to ensure that
your money, property, and other assets are bequeathed to the family members or
children that you wish to nominate as beneficiaries of your estate.
However, did you know that there are certain types of financial assets and
property that you should not or cannot include in your will?
These types of assets are usually jointly owned or contain some sort of
instruction that dictates what happens to the property should you Read More »
If you have recently been considering making a will then you may have stumbled
across one of the many online will writing services.
While this may look like a fast, efficient way to prepare your last will and
testament, it may have left you with some unanswered questions.
Here we will take a look at the positives and negatives of using an online
service for your will preparation.
Preparing a will online saves a trip to the solicitors office and means that you
can write your Read More »
If you have documented your wishes that are to be carried out after your death
in the form of a will, you will need to review it periodically.
Having your estate and finances distributed to people of your choosing can be
handled legally by way of a will. However if your circumstances change you may
want to alter things like beneficiaries or change assets that are bequeathed to
a specific person.
Life brings about many changes and there are a number of instances where you may
need to amend your Read More »