If your will includes a trust, you must appoint trustees. To keep things simple,
with an Affio will your trustees and executors will be the same people, so the
same qualities of a good executor will also apply to your trustees.
Ideally trustees should be someone:
* You trust to follow the instructions you make in your will and for any trusts
* Who is organised and good at paperwork.
* Willing to take on the role.
* Who will have the best interests of the beneficiaries at heart.
If you die without a valid Will the state will dictate how your money, property
and possessions are distributed. It does this by applying a set of rules – the
intestacy rules – which don’t always reflect modern family arrangements and may
mean your estate is not being distributed as you would have wanted. In
particular, unmarried partners are not recognised by the intestacy rules.
The intestacy rules refer to the deceased’s “issue” – that is all his or her
direct descendants including adopted a
Things change all the time, so it’s important you review your Will on a regular
basis or when anything big happens in your life which is likely to affect the
choices you’ve made.
Typical reasons for changing your Will
* If you have children (more children) or grandchildren.
* If you get married – marriage automatically revokes a Will in England and
Wales (but not in Scotland).
* If you get divorced.
* Someone named in your Will as a beneficiary, executor or guardian has died.
* If there
It is perfectly legal for you to write your own Will. Most people’s affairs are
relatively straightforward and are perfectly suited to using our services. Affio
allows you to express your wishes simply and clearly and then translates them
into the same legal language as a solicitor would use.
It is important your Will is legally valid, clear and will do exactly as you
want it to – that is why getting the right sort of help in putting it together
is vital. A poorly drafted Will could mean the f
What you decide to include (or not) in your Will is up to you. You can go into
as much detail as you want, or just cover the basics – it is more about making
sure your savings and possessions (your estate) go to the people you want it to
Being absolutely clear about who you want to benefit when you die will not only
remove any doubt and help avoid any family disputes, but also help your loved
ones sort out your affairs at what will be a difficult time for them.
First things first
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 »