Will making basics

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When Professional Help Is Essential - More On Children With Disabilities

By Stacy Taylor Written on:

 


Alternatively, the will may state that the named beneficiary takes the legacy `upon the trusts' or 'for the purposes' that have been made known to him. In that event, the gift is on a half-secret trust as the trust is referred to but not explicitly revealed.

On some occasions, a parent may leave money to the other children in the family simply on the basis that he trusts them to take care of their brother or sister. In other words, an absolute gift with no notion of a trust other than reliance on their compassion for their sibling.

Such an arrangement is fraught with potential difficulty and is best avoided.


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see: Making a will - The Law Society. Please note that will making differs in Scotland and this website currently deals with English laFree Will download

 

Perhaps you might consider taking legal advice from a solicitor about making a will if any of the following apply to your circumstances:

 

  1. A number of people could make a claim on your estate when you pass away because they depend on yourself financially
  2. You want to include a trust in your will (perhaps to provide for children, to save tax, or simply protect your assets in some way after you become deceased)
  3. Your physical and permanent home is not in the UK and / or you are not a British citizen
  4. You live here in the UK but you have additional property abroad
  5. You own all or part of a UK business.
  6.  

see: Making a will - The Law Society. Please note that will making differs in Scotland and this website currently deals with English law.

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