Duties of an Executor

Duties of an Executor

An Executor is the person(s) or organisation appointed to deal with a deceased person’s affairs and has the responsibility of ensuring that the deceased’s wishes are carried out.   Depending on the complexity of your Estate, and wishes, this role can be time consuming and demanding and in a time of grief could be a source of anxiety and stress.  People will often appoint a close relative or friend to represent them however, very few people take into account considerations which may impact on the ability of their chosen representative(s) to carry out the duties of an Executor. 

Exclusion Clauses

30 June 2016

Exclusion Clauses

When making a Will, there are provisions you can take to exclude any persons from your Estate should you wish to; this is called the Exclusion Clause. Despite this, you should be aware that if you wish to exclude someone from your Will, that such a person may make a claim against your Estate at a future date, resulting in the beneficiaries of the Will receiving less than was originally intended and written in your Will.

Changes to Scottish Succession Law & what they mean to you

24 June 2016

Changes to Scottish Succession Law & what they mean to you

The law in Scotland governing the distribution of an individual’s personal estate has remained largely unchanged since the Succession (Scotland) Act 1964. However, with recent changes made (namely the Succession Bill) it is important to understand the effects of the distribution of your estate, should you die without a Will.

Parental Responsibility and Guardians

17 June 2016

Parental Responsibility and Guardians

Parental Responsibility & Guardians are an important element to consider when drafting your Will; aside from all of your estates, it is critical to consider how to protect those closest to you to ensure they are looked after according to your wishes. At Redstone Wills, we care about covering every necessary basis to protect your children and estate once you’re gone, so we’ve put together a quick guide to Parental Responsibly & appointing a Guardian and areas worth considering.

What is a Life Interest Trust and how can it help you?

09 June 2016

What is a Life Interest Trust and how can it help you?

If you’ve considered who obtains and protects your family home and property when you are gone, a Life Interest Trust is an excellent way to ensure that your property is left in the right hands. Using this trust allows you to specify who owns the rights your property in order to protect your family home and property.

Can your Will be challenged after you’ve gone?

The short answer is Yes.

Can your Will be challenged after you’ve gone?

In England and Wales we have testamentary freedom, however there is legislation in place which permits dependants of the deceased to apply to the court to obtain a reasonable financial provision if a provision has not been made in the deceased’s Will. Basically, if you’re excluding a family member then they could challenge your Will.

August Newsletter 2015

13 August 2015

August Newsletter 2015

Welcome to the first edition of the Redstone Wills Newsletter. There have been a lot of excisting developments within Redstone Wills, Just Wills and its associated companies. We now aim to keep you up to date with regular newsletter.

Budget 2015 – Deeds of Variation

31 March 2015

Budget 2015 – Deeds of Variation

The chancellor's promise of a crackdown on inheritance tax avoidance, highlighting 'deeds of variation' has worried accountants and financial planners.

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