Most testators will usually appoint their surviving spouse or partner, children, close family or friends to act as their executors and trustees. Whilst there is nothing wrong with appointing family members and friends, there are a number of points that a testator may need to be advised of. Personalities Where multiple people are being appointed, … Read moreConsiderations when appointing Executors or Trustees
Many Testators will choose the same people to act as both their Executors and Trustees, however each role is very different and comes with its own responsibilities so this may prompt testators to consider appointing different individuals for each appointment. Firstly, those who will deal with the administration process of the Estate – the Executors, … Read moreExecutors & Trustees
Who are trustees? A trustee is someone who is given legal responsibility to hold property in the best interest of or for the benefit of someone else (the beneficiaries). As the name implies, the trustee acts under a “trust” to do what is best and to act in the interests of the beneficiaries and not … Read moreRoles of executors and trustees
The recent case of Ilott v Mitson caused a bit of a stir in the media over its possible impacts on testamentary freedom in England and Wales. ‘Your will means NOTHING’ was the headline in the Express, with similar headlines in the Mail and the Telegraph and much of the media named it as a … Read moreUnderstanding the decision in Ilott v Mitson: Does your will now mean nothing?