A penniless Eastern European man who had made his fortune in his lifetime decided to make his own Will which meant that his £2.75 million estate may not have reached the beneficiaries he wanted them to on his death. The following case details the problems of making a Will without the proper legal advice.
When you live in a property with a partner and contribute to its maintenance by undertaking work or paying for work to it you could believe that you have a financial interest in that property. Without a formal arrangement you could find that you have no security.
The following case highlights how important it is to seek the advice of a lawyer when setting up a trust fund as investors discovered when they sought to claim $18 million awarded to an inventor’s idea, which the court rejected.
If you have recently lost a loved one, you may need some guidance on matters of Wills and Probate. A Grant of Probate is the legal right to control a deceased person’s property.
Drafting wills may appear easy and many people are tempted to save a few pounds by dispensing with legal advice. However, as one High Court case clearly showed, the words used can have particular legal effects that could not be foreseen by a layman and a thorough knowledge of the law is therefore essential.
It is common for couples to make so-called ‘mirror’ wills, leaving everything to each other and, eventually, to their children.
By continuing to use the site, you agree to the use of cookies. More information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. To see more information about this website's cookies, click HERE