beneficiaries Archives

What happens if I do not make a will?

>Without a will, the legal procedures are more complicated and time-consuming and may cause additional expense, worry and hardship to your family and loved ones. The law provides a formula which sets out who is entitled to the property of a deceased person who has not left a will. The formula may not distribute your …

Continue reading "What happens if I do not make...

by Legal Will

>Each valid will should appoint an executor or a person designated to administer your estate after you die. More than one person can be named as executors. You can choose anyone to be your executor including your spouse, relative, friend or your Solicitor. You should first ask individuals if they are prepared to take on …

Continue reading "How can I make sure my wishes...

by Legal Will

A will is a legal document that names the persons to receive your property and personal possessions at the time of death. These persons are called beneficiaries. Your property and possessions include all your tangible and intellectual assets and personal property. Your real estate holdings and interests, automobiles, cash in bank accounts, insurance policies, equity …

Continue reading "What is a will?"

by Legal Will

>To be able to be put into effect and recognised by a court of law, the will-maker/testator must be mentally competent, and the will must be: 1. In writing (ie on paper), 2. Signed at the bottom by the testator (you), and 3. Witnessed by at least two people. The testator and the witnesses must …

Continue reading "What Makes a Valid Will?"

by Legal Will

>In this second post, we’ll go through some of the important aspects of writing a will, including some of the terms you’ll come across & how they relate to you. Executors & Beneficiaries Significant persons to appoint when you make your will include an Executor and Beneficiaries. The Executor(or Personal Representative) is the one who …

Continue reading "How to Write A Will: Executors &...

by Legal Will

>Most of you must not have thought of the wisdom and practicality of making a will. Creating a will today will eventually be highly beneficial and advantageous especially when you have responsibilities to a spouse or dependent children. It will also lessen the misunderstandings that may occur between your heirs when you have vast properties …

Continue reading "How to Write a Will"

by Legal Will

>Distributing of your property after your death and making some provisions are the primary objectives of a will. Here are some points that you need to put into mind when distributing your properties and assets: Make proper provisions for your spouse, children, or ex-nuptial children. The Family Provision Legislation declares that family members and dependants …

Continue reading "Distribution of Property through a Legal Will"

by Legal Will

> Anyone over 18 years of age who is of sound mind can and should make a Will. A Will must select at least one beneficiary to take the estate, and should also at least select one Executor who is responsible for the financial arrangements. The Executor can be one of the beneficiaries. A Will …

Continue reading "How do you make a Will?"

by Legal Will

> Beneficiaries are persons or entities that you have selected in your Will to receive part or all of your assets in the event of your death. You can select anyone that you like, and more than one person or entity can share in your estate. Examples of beneficiaries include: Spouses and partners Children Parents …

Continue reading "Beneficiaries: Selecting or Leaving out"

by Legal Will

> The Executor will distribute your Estate to the beneficiaries you select in your Will. However, not all beneficiaries will take their gift straight away. The following are examples of beneficiaries that cannot hold their gift in their own right: Children (under 18 years of age) Persons who have a legal disability (for instance mental …

Continue reading "Executors as Trustees"

beneficiaries

What happens if I do not make a will?

How can I make sure my wishes are carried out?

What is a will?

What Makes a Valid Will?

How to Write A Will: Executors & Beneficiaries

How to Write a Will

Distribution of Property through a Legal Will

How do you make a Will?

Beneficiaries: Selecting or Leaving out

Executors as Trustees

WHAT ARE YOU WAITING FOR? GET YOUR LEGAL WILL NOW

100% money back guarantee

100% Money Back Guarantee