What exactly is a "Business Will"? Anyone that is in business can write a Will that covers their business. The business can be in the form of a sole trader, a partnership or limited liability partnership (LLP), or a limited company.
Validity To check it is valid. Has it been signed and witnessed? Often I seen clients that have used a solicitor, paid for the Will, and have only been left with a draft, thinking it’s a valid Will. If you have married or remarried since making your Will, the previous Will is invalid.
Living Wills are also known as Advance Decisions and are effectively statements of intent as to how you want to be treated when it comes to life sustaining decisions.
The Wills Act 1837 is now 180 years old. Is it time for us to move on from the Victorian era and look again at whether this is all really working? Well the Law Commission thinks so…
I remember back in my days in financial services we had a rubber stamp in the office with a red ink pad that said "ACT NOW!" and where necessary we used to stamp it on client letters.
This is not in the dictionary. It is my definition of the fear of writing a Will. The bizarre situation is that there are people that have a fear of writing a Will. I don't get to meet them often, but I do talk to them!
Firstly Divorce... It should be noted that a will is NOT revoked on divorce, BUT
Solicitors tend to make strong arguments to have professional executors so the Will is executed professionally. On the other hand Will writers tend to allow the client to choose family members as executors and only choose professionals if no one comes to mind.
The summer Budget introduced a new Family home allowance to start in April 2017.
Further to my recent article HMRC have been remarkably swift to reply to the complaint in our blog!