| There are various
different kinds of will any of which may suit your particular
circumstances and requirements:
• A simple
Will may leave
everything to a named beneficiary or to children when they attain
a specified age.
• Married couples will often make
Mirror Wills whereby they each leave their estate
to the other but, should that other not be alive upon their
death their estate will be left to their children on attaining
a specific age or to other named relatives and beneficiaries.
• Discretionary Trust Wills
- a Trust is created within the Will which comes into effect
on the death of the client and into which may be placed funds and assets for the benefit of a number of beneficiaries at the discretion of your chosen Trustees.
your will, you will appoint executors who are responsible for
administering your estate, that is getting in the assets and
paying off any debts including funeral expenses and distributing
the net assets to the beneficiaries named in your will and
in accordance with its terms. Executors may be trusted friends
or relatives or alternatively you may instruct Alexander & Co to act
in this capacity either solely or jointly with a friend
or relative. Appointing Alexander & Co to act as your executor will give you certainty that your estate will be administered professionally and efficiently by experienced, WIQS accredited solicitors. In our capacity as professional executors we are entirely independent and this means that, if for any reason a dispute arises during the administration of your estate, we will always act in the best interests of your estate.
Minor amendments to an existing Will can be made by means
of a Codicil, e.g. to revoke a legacy, change an Executor
or add in an extra Beneficiary.
This is a brief summary regarding Wills
and the importance of making a Will cannot be underestimated
in order to ensure that your estate passes to the persons
you wish on death. Please contact Tim Dysterre-Clark or Andrea Gilman
at our office who will provide you with advice
and assistance in all aspects of making your Will to include,
where appropriate, making a home visit with all work being
undertaken in a confidential and caring manner.