SlideShare a Scribd company logo
Advice and Observations on Will Writing
By McCorry Connolly Solicitors
Solicitors in Romford
All adults with any family or any assets should
have a will written.
Wills become out-dated and inappropriate so
they need to be reviewed periodically.
Wills become inappropriate as a result of;
• changes in the law
• changes in family circumstances
It is worth noting that there are about three times more
legal challenges to wills in the present day than there
was 20 years ago!
There are of a number of reasons for this increase in
challenges to wills.
• Individuals are more switched on to the fact that they can be
challenged than they were previously
• People’s lives and relationships are much more complicated now and
this leads to many more issues than there used to be
• Wills written years ago are often not updated and so when required
are found to be out-dated.
• Assets left in wills may no longer exist, or family relationships may
have changed since the will was written
• There is much more information about how to challenge wills
now, especially online
If you are over the age of 50 you would be sensible to
have your will reviewed every 5 or 10 years.
Wills drawn up prior to 2006 that include a ‘trust’ or any
form of property living arrangements need reviewing as
changes in the law mean that many of these older wills
are no longer tax-efficient.
Trusts were very tax efficient, but in recent years the
government have introduced a lot of paperwork and
oversight on trusts which mean that they are not
appropriate for all situations.
Anyone on their second, or even third, marriage and
family should seek professional advice if they have not
already as these situations are very complicated and
unless the will is water-tight is open to a multitude of
challenges.
A will is usually the only thing that describes your wishes
when you pass away – many family members and
relations are shocked at the extent to which the law and
state have a say in who gets what when the will is either
absent or not fit for purpose.
Full Disclosure
It is important to be honest with your solicitor about your
intentions and the reasons behind them.
For example, if you intend to leave one of your children
out of your will your solicitor would need to know about
that child and the reasons for excluding them.
If your solicitor is left unawares of this then they cannot
take any steps to pre-empt a challenge to the will making
it more likely that any such challenge will be successful.
Choosing an executor for your will
It is also important to be realistic about the executor of
the will – beneficiaries can personally sue the executor so
the person chosen needs to be capable.
Generally they will also be a major beneficiary, but it is
worth considering timescales – the time between
selecting a beneficiary and them actually having to carry
out the role can be many years, even decades!
This fact should be considered, as someone who is as old
as the writer may not be in a fit state to carry out their
duties when they are required to many years later.
Will Writing Romford
Will Writing Romford

More Related Content

What's hot

Marriage divorce annulment ppt
Marriage divorce annulment pptMarriage divorce annulment ppt
Marriage divorce annulment pptMsDailey
 
Divorce Sociology
Divorce SociologyDivorce Sociology
Divorce Sociologyjjloveday
 
Things to remember before contesting a will
Things to remember before contesting a willThings to remember before contesting a will
Things to remember before contesting a will
conveyanceservices
 
Doc 0073-es
Doc 0073-esDoc 0073-es
Doc 0073-es
abush dagim
 
Summary Dissolution: The Quick Answer to Divorce Woes?
Summary Dissolution: The Quick Answer to Divorce Woes?Summary Dissolution: The Quick Answer to Divorce Woes?
Summary Dissolution: The Quick Answer to Divorce Woes?
Goldberg Jones
 
What Happens in a Divorce With a Prenup vs. Without a Prenup?
What Happens in a Divorce With a Prenup vs. Without a Prenup?What Happens in a Divorce With a Prenup vs. Without a Prenup?
What Happens in a Divorce With a Prenup vs. Without a Prenup?
Cory Wall
 
The effects of gray divorce on the financial health of couples
The effects of gray divorce on the financial health of couplesThe effects of gray divorce on the financial health of couples
The effects of gray divorce on the financial health of couples
scampbell4567
 
Reasons for Divorce
Reasons for DivorceReasons for Divorce
Reasons for Divorce
expo09
 
What is annulment of marriage
What is annulment of marriageWhat is annulment of marriage
What is annulment of marriage
Prachi Singh Advocate
 
WHAT YOU NEED TO KNOW ABOUT SPOUSAL SUPPORT
WHAT YOU NEED TO KNOW ABOUT SPOUSAL SUPPORTWHAT YOU NEED TO KNOW ABOUT SPOUSAL SUPPORT
WHAT YOU NEED TO KNOW ABOUT SPOUSAL SUPPORT
mac_addison
 
Reasons to Get a Prenuptial Agreement By Attorney Jeff Weissman
Reasons to Get a Prenuptial Agreement By Attorney Jeff WeissmanReasons to Get a Prenuptial Agreement By Attorney Jeff Weissman
Reasons to Get a Prenuptial Agreement By Attorney Jeff WeissmanJeff Weissman | Attorney
 
No Fault Divorce Vs Fault Divorce
No Fault Divorce Vs Fault DivorceNo Fault Divorce Vs Fault Divorce
No Fault Divorce Vs Fault Divorce
New York City Uncontested Divorce Attorney
 
Essay marriage
Essay marriageEssay marriage
Essay marriage
Fatin Salmi
 
BM_Child Arrangements
BM_Child ArrangementsBM_Child Arrangements
BM_Child ArrangementsNaim Qureshi
 
Avoiding 10 common mistakes in drafting a will 2014
Avoiding 10 common mistakes in drafting a will 2014Avoiding 10 common mistakes in drafting a will 2014
Avoiding 10 common mistakes in drafting a will 2014
Daniel Timins Esq., CFP®
 
How to file for a legal separation?
How to file for a legal separation?How to file for a legal separation?
How to file for a legal separation?
Emy A. Cordano, Attorney At Law
 
Lawyer
LawyerLawyer
Lawyer
John Conroy
 
Obergefell v. Hodges: Michigan Probate and Estate Planning Issues Impacting S...
Obergefell v. Hodges: Michigan Probate and Estate Planning Issues Impacting S...Obergefell v. Hodges: Michigan Probate and Estate Planning Issues Impacting S...
Obergefell v. Hodges: Michigan Probate and Estate Planning Issues Impacting S...
Howard Collens
 
Marriage and family life in america sample essay
Marriage and family life in america sample essayMarriage and family life in america sample essay
Marriage and family life in america sample essay
Premium Essays
 

What's hot (20)

Marriage divorce annulment ppt
Marriage divorce annulment pptMarriage divorce annulment ppt
Marriage divorce annulment ppt
 
Divorce Sociology
Divorce SociologyDivorce Sociology
Divorce Sociology
 
Things to remember before contesting a will
Things to remember before contesting a willThings to remember before contesting a will
Things to remember before contesting a will
 
Doc 0073-es
Doc 0073-esDoc 0073-es
Doc 0073-es
 
Summary Dissolution: The Quick Answer to Divorce Woes?
Summary Dissolution: The Quick Answer to Divorce Woes?Summary Dissolution: The Quick Answer to Divorce Woes?
Summary Dissolution: The Quick Answer to Divorce Woes?
 
What Happens in a Divorce With a Prenup vs. Without a Prenup?
What Happens in a Divorce With a Prenup vs. Without a Prenup?What Happens in a Divorce With a Prenup vs. Without a Prenup?
What Happens in a Divorce With a Prenup vs. Without a Prenup?
 
The effects of gray divorce on the financial health of couples
The effects of gray divorce on the financial health of couplesThe effects of gray divorce on the financial health of couples
The effects of gray divorce on the financial health of couples
 
Reasons for Divorce
Reasons for DivorceReasons for Divorce
Reasons for Divorce
 
No Fault Divorce
No Fault Divorce No Fault Divorce
No Fault Divorce
 
What is annulment of marriage
What is annulment of marriageWhat is annulment of marriage
What is annulment of marriage
 
WHAT YOU NEED TO KNOW ABOUT SPOUSAL SUPPORT
WHAT YOU NEED TO KNOW ABOUT SPOUSAL SUPPORTWHAT YOU NEED TO KNOW ABOUT SPOUSAL SUPPORT
WHAT YOU NEED TO KNOW ABOUT SPOUSAL SUPPORT
 
Reasons to Get a Prenuptial Agreement By Attorney Jeff Weissman
Reasons to Get a Prenuptial Agreement By Attorney Jeff WeissmanReasons to Get a Prenuptial Agreement By Attorney Jeff Weissman
Reasons to Get a Prenuptial Agreement By Attorney Jeff Weissman
 
No Fault Divorce Vs Fault Divorce
No Fault Divorce Vs Fault DivorceNo Fault Divorce Vs Fault Divorce
No Fault Divorce Vs Fault Divorce
 
Essay marriage
Essay marriageEssay marriage
Essay marriage
 
BM_Child Arrangements
BM_Child ArrangementsBM_Child Arrangements
BM_Child Arrangements
 
Avoiding 10 common mistakes in drafting a will 2014
Avoiding 10 common mistakes in drafting a will 2014Avoiding 10 common mistakes in drafting a will 2014
Avoiding 10 common mistakes in drafting a will 2014
 
How to file for a legal separation?
How to file for a legal separation?How to file for a legal separation?
How to file for a legal separation?
 
Lawyer
LawyerLawyer
Lawyer
 
Obergefell v. Hodges: Michigan Probate and Estate Planning Issues Impacting S...
Obergefell v. Hodges: Michigan Probate and Estate Planning Issues Impacting S...Obergefell v. Hodges: Michigan Probate and Estate Planning Issues Impacting S...
Obergefell v. Hodges: Michigan Probate and Estate Planning Issues Impacting S...
 
Marriage and family life in america sample essay
Marriage and family life in america sample essayMarriage and family life in america sample essay
Marriage and family life in america sample essay
 

Similar to Will Writing Romford

FAQ
FAQFAQ
Estate Planning For Homosexual & Lesbian Couple S
Estate Planning For Homosexual & Lesbian Couple SEstate Planning For Homosexual & Lesbian Couple S
Estate Planning For Homosexual & Lesbian Couple SElba44Fontaine
 
Last Will and Testatment
Last Will and TestatmentLast Will and Testatment
Last Will and Testatment
Gadiel A. Espinoza, LAW
 
How To Write A Will
How To Write A WillHow To Write A Will
How To Write A WillJVGAJJAR
 
Preparing for Divorce in Texas
Preparing for Divorce in TexasPreparing for Divorce in Texas
Preparing for Divorce in Texas
Elisse Woelfel
 
Wills and Trusts in Alabama
Wills and Trusts in AlabamaWills and Trusts in Alabama
Wills and Trusts in Alabama
Janice [Jan] Neal
 
5 Things to Consider Before Drafting Your Will
5 Things to Consider Before Drafting Your Will5 Things to Consider Before Drafting Your Will
5 Things to Consider Before Drafting Your Will
Easy Legal Help
 
Divorce property division and mediation
Divorce   property division and mediationDivorce   property division and mediation
Divorce property division and mediation
Eidelman & Associates
 
7 things you should know about writing a will
7 things you should know about writing a will7 things you should know about writing a will
7 things you should know about writing a will
AhmedTalaat127
 
Final estate-planning
Final estate-planningFinal estate-planning
Final estate-planning
Roger Owens
 
Why you should write a will
Why you should write a willWhy you should write a will
Why you should write a will
Scott Latimer
 
Avoiding Estate Planning Regrets
Avoiding Estate Planning RegretsAvoiding Estate Planning Regrets
Avoiding Estate Planning RegretsShari Martin
 
Women, in Estate Planning, You Are the Last Resort
Women, in Estate Planning, You Are the Last ResortWomen, in Estate Planning, You Are the Last Resort
Women, in Estate Planning, You Are the Last Resort
Dolf Dunn
 
BM_Relationship Breakdown
BM_Relationship BreakdownBM_Relationship Breakdown
BM_Relationship BreakdownNaim Qureshi
 
Family law fa qs – frequently asked family law related questions in utah
Family law fa qs – frequently asked family law related questions in utahFamily law fa qs – frequently asked family law related questions in utah
Family law fa qs – frequently asked family law related questions in utah
Cory Wall
 
ABC`s of Divorce
ABC`s of DivorceABC`s of Divorce
Risk Related to Will and Estate Planning
Risk Related to Will and Estate PlanningRisk Related to Will and Estate Planning
Risk Related to Will and Estate Planning
Robson Hayes
 
10.most.common.money.mistakes.in.divorce
10.most.common.money.mistakes.in.divorce10.most.common.money.mistakes.in.divorce
10.most.common.money.mistakes.in.divorceJerald Schragen
 
How to sell more Life Insurance
How to sell more Life InsuranceHow to sell more Life Insurance
How to sell more Life Insurance
kcrause
 

Similar to Will Writing Romford (20)

FAQ
FAQFAQ
FAQ
 
Estate Planning For Homosexual & Lesbian Couple S
Estate Planning For Homosexual & Lesbian Couple SEstate Planning For Homosexual & Lesbian Couple S
Estate Planning For Homosexual & Lesbian Couple S
 
Last Will and Testatment
Last Will and TestatmentLast Will and Testatment
Last Will and Testatment
 
How To Write A Will
How To Write A WillHow To Write A Will
How To Write A Will
 
Preparing for Divorce in Texas
Preparing for Divorce in TexasPreparing for Divorce in Texas
Preparing for Divorce in Texas
 
Wills and Trusts in Alabama
Wills and Trusts in AlabamaWills and Trusts in Alabama
Wills and Trusts in Alabama
 
Things to consider when writing your Will.
Things to consider when writing your Will.Things to consider when writing your Will.
Things to consider when writing your Will.
 
5 Things to Consider Before Drafting Your Will
5 Things to Consider Before Drafting Your Will5 Things to Consider Before Drafting Your Will
5 Things to Consider Before Drafting Your Will
 
Divorce property division and mediation
Divorce   property division and mediationDivorce   property division and mediation
Divorce property division and mediation
 
7 things you should know about writing a will
7 things you should know about writing a will7 things you should know about writing a will
7 things you should know about writing a will
 
Final estate-planning
Final estate-planningFinal estate-planning
Final estate-planning
 
Why you should write a will
Why you should write a willWhy you should write a will
Why you should write a will
 
Avoiding Estate Planning Regrets
Avoiding Estate Planning RegretsAvoiding Estate Planning Regrets
Avoiding Estate Planning Regrets
 
Women, in Estate Planning, You Are the Last Resort
Women, in Estate Planning, You Are the Last ResortWomen, in Estate Planning, You Are the Last Resort
Women, in Estate Planning, You Are the Last Resort
 
BM_Relationship Breakdown
BM_Relationship BreakdownBM_Relationship Breakdown
BM_Relationship Breakdown
 
Family law fa qs – frequently asked family law related questions in utah
Family law fa qs – frequently asked family law related questions in utahFamily law fa qs – frequently asked family law related questions in utah
Family law fa qs – frequently asked family law related questions in utah
 
ABC`s of Divorce
ABC`s of DivorceABC`s of Divorce
ABC`s of Divorce
 
Risk Related to Will and Estate Planning
Risk Related to Will and Estate PlanningRisk Related to Will and Estate Planning
Risk Related to Will and Estate Planning
 
10.most.common.money.mistakes.in.divorce
10.most.common.money.mistakes.in.divorce10.most.common.money.mistakes.in.divorce
10.most.common.money.mistakes.in.divorce
 
How to sell more Life Insurance
How to sell more Life InsuranceHow to sell more Life Insurance
How to sell more Life Insurance
 

Recently uploaded

Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
KaiNexus
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
daothibichhang1
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
zoyaansari11365
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
Cynthia Clay
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
HARSHITHV26
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
fisherameliaisabella
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
NZSG
 
Mastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnapMastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnap
Norma Mushkat Gaffin
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
taqyed
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
sarahvanessa51503
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
Workforce Group
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
Falcon Invoice Discounting
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
BBPMedia1
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
FelixPerez547899
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
tjcomstrang
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
tanyjahb
 

Recently uploaded (20)

Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
 
Mastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnapMastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnap
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
 

Will Writing Romford

  • 1. Advice and Observations on Will Writing By McCorry Connolly Solicitors Solicitors in Romford
  • 2.
  • 3. All adults with any family or any assets should have a will written. Wills become out-dated and inappropriate so they need to be reviewed periodically.
  • 4. Wills become inappropriate as a result of; • changes in the law • changes in family circumstances
  • 5. It is worth noting that there are about three times more legal challenges to wills in the present day than there was 20 years ago! There are of a number of reasons for this increase in challenges to wills.
  • 6. • Individuals are more switched on to the fact that they can be challenged than they were previously • People’s lives and relationships are much more complicated now and this leads to many more issues than there used to be • Wills written years ago are often not updated and so when required are found to be out-dated. • Assets left in wills may no longer exist, or family relationships may have changed since the will was written • There is much more information about how to challenge wills now, especially online
  • 7. If you are over the age of 50 you would be sensible to have your will reviewed every 5 or 10 years. Wills drawn up prior to 2006 that include a ‘trust’ or any form of property living arrangements need reviewing as changes in the law mean that many of these older wills are no longer tax-efficient. Trusts were very tax efficient, but in recent years the government have introduced a lot of paperwork and oversight on trusts which mean that they are not appropriate for all situations.
  • 8. Anyone on their second, or even third, marriage and family should seek professional advice if they have not already as these situations are very complicated and unless the will is water-tight is open to a multitude of challenges. A will is usually the only thing that describes your wishes when you pass away – many family members and relations are shocked at the extent to which the law and state have a say in who gets what when the will is either absent or not fit for purpose.
  • 9. Full Disclosure It is important to be honest with your solicitor about your intentions and the reasons behind them. For example, if you intend to leave one of your children out of your will your solicitor would need to know about that child and the reasons for excluding them. If your solicitor is left unawares of this then they cannot take any steps to pre-empt a challenge to the will making it more likely that any such challenge will be successful.
  • 10. Choosing an executor for your will It is also important to be realistic about the executor of the will – beneficiaries can personally sue the executor so the person chosen needs to be capable.
  • 11. Generally they will also be a major beneficiary, but it is worth considering timescales – the time between selecting a beneficiary and them actually having to carry out the role can be many years, even decades! This fact should be considered, as someone who is as old as the writer may not be in a fit state to carry out their duties when they are required to many years later.