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It's the diverse expertise of our team that allows our clients to achieve the best possible outcomes. Many businesses and individuals face legal issues that don't neatly fall under one category. At WMD Law, our legal teams work together to ensure our clients have all bases covered.
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Where beneficiaries are being left significantly smaller or larger gifts than other beneficiaries, such as children having unequal benefits given by the Will, some testators wish to have a Statement of Testamentary Intention prepared which is effectively a statement by the testator as to why a beneficiary got more or less than may have been expected. In some cases, they are used in evidence if there is a claim on the estate.
A person should make a new will if they marry, as marriage revokes a will, unless it is stated to be in contemplation of marriage. A new will should also be made if the testator divorces or experiences a major change in circumstances which would make the provisions of a previous will no longer suitable. It is a good idea to revise a will on a regular basis, say every 5 years, to make sure that it still represents your wishes.
An executor is a person or persons appointed to handle the estate after the testator (the person making the will) dies and ensure their wishes are carried out. When choosing an executor, you should be sure that the person concerned is prepared to be executor and has the ability to deal with the matters which arise. It is a good idea to appoint 2 executors or alternate executors so that if one, for some reason, is not available, the other one can act.