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JOINTLY OWNED PROPERTY
If you and your other half, whether married or cohabiting, jointly own your home or other property, you are said to be holding it on a trust of land. Under the law in England and Wales, there are two distinct and separate ways of owning houses and land, and how
BEING A TRUSTEE
The executor of your Will may also be a trustee, if a trust is created under the terms of your Will. A trustee is someone formally appointed to manage the assets of a trust for the benefit of others (known as the beneficiaries). The trust must be administered in accordance
MIRROR WILLS AND MUTUAL WILLS
You may have heard these terms, or read about them when you were looking into making a Will. So, what are Mirror Wills and Mutual Wills? MIRROR WILLS Mirror Wills are often used by married couples to provide for their estate to pass to each other, and then to their
WHAT HAPPENS WITHOUT A WILL?
If you die without having made a Will, you are said to die ‘intestate’. This means that your money, property and personal possessions (after your funeral costs, and any debts and liabilities have been paid) will be divided among your family in accordance with set rules. This only applies to
WHAT IS A CODICIL?
A Codicil is a document which is executed in the same way as a Will. The purpose of a Codicil is to make an amendment to the terms of an existing Will. An amendment could be to: Codicils are best used to make small changes to the Will. If you
WILL STORAGE
Where should you store your Will? There are a number of options. If you choose any option other than keeping the Will at home, consider registering it on the National Will Register so that your family will always be able to find it. Please get in touch if you have