We often come across estates with beneficiaries who are proving difficult to trace for a number of reasons. These reasons include family estrangement, death of the beneficiary, and poor drafting of a Will, often by a non-professional person.
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It was interested to read the latest marriage rates statistics from the Office for Nationals Statistics. The greatest percentage increase in rates of marriage occurred amongst men and women aged 65 and over.
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.
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?
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