Posted on: 10th August 2015 in Retirement Planning
A Will is an essential document. We take a closer look at what a Will actually does and why it matters so much: – You are eligible to draw up a Will as soon as you turn 18 years of age (applicable in the UK). – If you die intestate (without a Will), the state will distribute it accordingly to their standards or worst-case scenario – your possessions, finances and assets will go to the Crown (state). – You are allowed to make minor amendments to the current executed Will. However, Codicil is a legal document, thus conforms to same legal requirements as your original Will. – You are free to use a different witness (es) for the codicil in order to legalize the document. – Witnesses to the Will cannot be potential beneficiaries, spouse of potential beneficiaries to the Will or your family members. – Unmarried couples or divorced partners receive nothing unless otherwise stated in a Will. – You are given the liberty to draw up your own Will (DIY) without using the service of a professional solicitor or Will writing service provider. – To legalize a Will, you will need to sign the Will in the presence of two witnesses (who also should sign to attestation). – Wills do not have to be filed with courts to be legal. – It is important to appoint a trusted executor, recommended to appoint two – to carry out the duties and wishes of your Will. Holborn Assets specializes in Wills and trusts. Our expertise spans across the UAE and the UK with experience in Will-writing services over a decade. Let us offer you step-by-step guidance through the entire process of drawing up your Will today!We have 18 offices across the globe and we manage over $2billion for our 20,000+ clients
Get startedAs an expat, navigating the world of taxes can feel like wandering through a maze. Different countries have their own rules and regulations, making it easy to get lost in...
Read moreRetirement planning can be a daunting task for anyone. For expats, the process can seem even more complex. Whether you’ve spent years living and working abroad or are planning to...
Read moreNavigating the world of investments can be tricky for anyone, but expats face unique challenges that can complicate the process even further. Whether you’re settling into a new country or...
Read moreThe closing ceremony at the Stade de France brought the curtain down on the 2024 Olympics. While the Games may be over, their impact on the host city’s property market...
Read more