Parents wills and dividing of the house
Discussion
For a UK property the severance itself is easy-peasy, and does not have to wait to get the Will written, and can be done by the house owners themselves.
I can provide a format FOC if you want. All it takes is that both sign and date.
Even if one does not want to sign, you can still sever by serving written notice on the other.
Frankly most will be served well by the Kessler will trusts, however it is very important for the will writer to fully understand the extent of the assets, the intention and circumstances, so careful selection of a Will writer is paramount, rather than go to a bucket-shop cheepo, or even just any old solicitor or will writing service.
Solicitors come in all sorts of flavours (just like GPs) with varying expertise and specialisation. As with non-solicitor Will writers, what matters is their qualifications and experience in this particular end of law. Even with that experience, some do not provide anything other than very basic IHT advice as this is a specialist area in itself, and advice like this (if needed) is sometimes explicitly excluded in the letter of engagement that you should always seek before spending your money. This LOE should outline what is or is not part of the service, and should be read carefully, from a solicitor or other professional!
If the property is abroad, then you need to seek local advice.
I can provide a format FOC if you want. All it takes is that both sign and date.
Even if one does not want to sign, you can still sever by serving written notice on the other.
Frankly most will be served well by the Kessler will trusts, however it is very important for the will writer to fully understand the extent of the assets, the intention and circumstances, so careful selection of a Will writer is paramount, rather than go to a bucket-shop cheepo, or even just any old solicitor or will writing service.
Solicitors come in all sorts of flavours (just like GPs) with varying expertise and specialisation. As with non-solicitor Will writers, what matters is their qualifications and experience in this particular end of law. Even with that experience, some do not provide anything other than very basic IHT advice as this is a specialist area in itself, and advice like this (if needed) is sometimes explicitly excluded in the letter of engagement that you should always seek before spending your money. This LOE should outline what is or is not part of the service, and should be read carefully, from a solicitor or other professional!
If the property is abroad, then you need to seek local advice.
Edited by 3Dee on Tuesday 2nd September 16:46
markiii said:
Breadvan72 said:
If, instead of following the advice of an insured solicitor that you pay for advice and drafting, you follow the advice of an anonymous car enthusiast and amateur lawyer who posts in here, and things turn out wrong, do you think that you will be able to sue the internet dude who gave you that advice? If you do think so, think again.
Hey I've told them to go see a solicitor and offered to go with them.This is akin to asking your mates down the pub for an opinion, the solicitor will ensure things are done properly regardless of what you lot say :-)
Pub lawyers, bring it!
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