Equity Release – Your Top 10 Questions Answered In our Residential Conveyancing department we are often asked by our clients to give them advice when they are considering Equity Release Schemes. In this Blog, Arlie Asbury, one of our Licensed...
Making a DIY Will? Prepare for Family Strife!
Making a will is one of the most important things you ever do and failing to take legal advice can lead to strife between your loved ones after your death. Exactly that happened after a widow drafted her own will on a shop-bought form.
The widow thought that nothing could be simpler as she wanted to leave her estate, valued at around £300,000, to her son and daughter equally and to appoint them her joint executors. However, almost four years after she died, the siblings fought it out at the High Court and ran up legal costs bills estimated at £40,000.
The widow disliked the legal profession and insisted before her death that lawyers should play no part in the administration of her estate. However, in the absence of independent advice, the administration had not progressed at all due to the siblings’ inability to see eye to eye and work together.
Criticising their constant bickering, the Court found that there had been a complete breakdown of trust and communication between them. In the circumstances, the Court took the unusual step of removing both of them as executors of the will. If the siblings could not agree on their replacements, the Court would appoint independent executors to push forward the administration of their mother’s estate.