Executors
Appoint at least two executors to act on your behalf.
Executors carry out the administration of your Estate and other
instructions in your Will. Appoint people you can trust to carry
out your wishes.
State their relationship to you, e.g. brother, sister, friend etc
Executors can also act as Trustees and they may be involved in
long term management, e.g. looking after money gifted to minor children.
To act as an executor you must have reached the age of majority
(18 years in England and Wales and 16 years in Scotland).
Guardians
Appoint guardians to look after minor children (16 years in Scotland).
State their relationship to you, e.g. brother, sister, friend etc.
A Guardian or Guardians should be appointed in the event of your
death.
Guardians should be acceptable to yourself and your children and
they are responsible for housing, clothing and education etc.
Children
If you have young children leave the child name boxes blank to
allow for further children being born.
If however you do not expect to increase your family then name
all your children in this section.
If the children have come from more than one partnership it is
necessary to name them.
Specific Gifts from your Estate
Please ensure that any instructions to carry out your wishes relating
to gifts in this section are absolutely clear.
Consider: To whom are you gifting.
- Is the gift described sufficiently in order to recognise it
at a later date?
- If the gift is an item that you change periodically e.g. a motor
car, please state “My car as owned by me at the date of my death”
Achieved
This expression appears in Legacies and Bequests and Beneficiaries.
It relates to the age of a person. When making your Will you can
choose an age that a person may receive a gift or an age to inherit
by clicking on the appropriate button. If you click the Achieved
button the age of the recipient is not disclosed. However, if you
choose this button and the recipient is of minor years, the gift
or their inheritance may be held in Trust until they reach the age
of majority. (16 years in Scotland).
Financial Gifts from your Estate
Consider: To whom are you gifting.
If the gift is money and to a married person please tell us if
it is to one person or to be divided between the couple. Is the
gift £1000 each or £1000 in total.
If you are gifting shares please apply the above principal and
list the share certificate numbers.
Residue of your Estate
Your Estate will pass to your children, then grandchildren. You
may also wish to name other beneficiaries here in the event of a
disaster and all above beneficiaries fail to survive you. These
beneficiaries will then be reserve beneficiaries.
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