The Will and attorney maker (WAM) is designed to automate the following eight Lexis+® UK Wills Precedents:
to spouse absolutely, then to children absolutely
fully discretionary
to spouse on flexible life interest trust, remainder to children absolutely
to spouse absolutely, then on discretionary trust
nil rate band legacy on discretionary trust, residue to spouse on flexible life interest trust, remainder to own children absolutely
legacy of business property on discretionary trust, residue to spouse absolutely, then to children absolutely
individual, unmarried, no children
Will—unmarried, divorced, separated with children, no partner
For guidance on how to use the WAM, see Practice Note: WAM key features and FAQs.
When someone dies, it must be established whether they made a Will and whether that Will is valid.
Also, a Will is a key element of any individual's tax planning. Without a Will, the scope for mitigating inheritance tax (IHT) that would otherwise arise on death, is reduced.
While it is possible to alter the provisions of a Will or intestacy to improve...
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Revocation of WillsA Will is revocable at any time during the testator's lifetime. A Will may only be revoked by automatic operation of law (involuntary revocation) or by a deliberate act of the testator (voluntary revocation). Apart from these methods, and where there has been an obliteration under
Where a beneficiary is present when a Will is signed and witnessed, but is not an attesting witness to the Will, are there any grounds to challenge that beneficiary's entitlement under the Will?See Practice Note: Requirements for a valid Will which sets out the formalities for the proper execution
Contents of Wills—residuary giftsWhat a residuary gift comprisesThe residuary estate will not necessarily comprise only cash, but will usually include other assets that have not been sold during the course of administration. Section 33 of the Administration of Estates Act 1925 (AEA 1925) defines the
Conditional and dependent relative revocation of WillsIf a testator revokes the Will and that revocation is shown to be subject to a condition, the revocation is ineffective if the condition is not satisfied. Revocation will not be held to be conditional unless there is clear evidence what the
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