Most Will clients that we advise do not appoint Neves as Executors in their Wills. This is particularly true where a client has trusted family members or friends who could act. If this is the case, the usual advice we give is that the friend or family members could choose to seek legal advice if they wished, but appointing a professional Executor may incur an unnecessary cost on behalf of the estate.
Legal Resources and News
Read jargon-free articles and guidance pieces written in-house by our solicitors and keep up to date with what's happening at Neves.
Browsing Category
private client
Regardless of personal opinions and reasons for deciding to marry or not to marry, the law simply does not recognise cohabiting couples when it comes to inheritance.
It is worrying to think about what would happen to your personal affairs and finances if you were to lose mental capacity. But what about the stability of your business and the financial future of it and any employees?
When we are drawing up Wills for clients who have children and grandchildren, we find that most of our clients want to benefit their family, and if possible pay as little Inheritance Tax as they legally can, so that future generations can benefit from the value of their property and their life savings.
Thinking and talking about what would happen if you lost your mental capacity to make decisions about your property and financial affairs and health and welfare can be very uncomfortable. However, it is far more important to think about how much worse the situation would be for you if you suffered a stroke or was involved in a serious accident or had dementia without making LPAs first.
Recent Posts
Blog Categories
