Blog
Funeral Arrangements in your Will
Certainly, in the past, when you were preparing your Will, including more detail for funeral arrangements may not have been something that would have been explored in greater depth. Today, and as our culture evolves stating your Funeral Arrangements tend to have more...
The Dangers of DIY Wills
A homemade will is often at risk of being declared invalid because the terms of the will are ambiguous or the will might result in a partial intestacy because the will fails to effectively dispose of your assets in the correct manner. Risks include: The Courts of...
Role of a Guardian
On accepting the role of a Guardian you will become legally responsible after the death of the parent(s) for the children until they attain the age of 18. You will be responsible for the children’s welfare and upbringing, which should continue in the fashion...
What is a trustee?
Appointing different trustees for specific tasks A trustee is someone who is given legal responsibility to hold property in the best interest of or for the benefit of someone else. As the name implies the trustee acts under a trust to do what is best and to act in the...
Excluding someone from your Will
There may be a time when for whatever reason that you decide you wish to exclude someone from your Will. In order to achieve this, a Deliberate Exclusion clause can be included in your Will as part of your requests and wishes. By adding a Deliberate Exclusion to your...
Storing Your Will
When storing your Will there are a number of things to take into consideration. If you passed away and your last Will and Testament cannot be found then for all intents and purposes you have died intestate.If a copy of the Will exists then it may be possible for the...
What is a Children’s Trust?
A children’s trust can be a useful estate planning tool for families with small children. It allows parents to leave assets to children while controlling the age at which they have access to them. Asset Harbour can help you decide if this kind of trust could be right...
What is a Vulnerable Persons Trust
A vulnerable person’s trust is a broad description applied to a trust created for a beneficiary who requires financial support and assistance in managing their affairs because of a lack of capacity. If someone with a learning disability has an inheritance left...
What is a Discretionary Trust?
A discretionary trust is a type of trust where the trustees are given complete discretion to pay or apply the income or capital of the assets for the benefit of one or all of the beneficiaries. They have control over how much to distribute at any given time, when to...
Is video conferencing here to stay for witnessing wills?
With the pandemic showing no signs of ending anytime soon despite the easing of restrictions, having the option for the vulnerable or isolating to have their Wills legally recognised from the comfort of their own homes or places of care is much needed and welcomed...