Wills and Estate Case Study

Wills and Estate Case Study

Introduction:

The assignment is based on two scenarios. Hild died, and her executors are dealing with her will. According to her credible will Hild left £50, 000 to Berni for the purpose he known. However, in the case scenario, Berni is not sure about the will and he forgot the main purpose for this money. Laura reminds Berni about the will that Hild wanted that money used to look after Amanda. In the second part, another gift of Hild will is based on £50,000 which she left for Oliver and RJ. In her life, Hild had made sure to tell Oliver directly that he was to hold the money for the use of Yolanda. This clue is in between Hild and Oliver and RJ is unaware of this. The paper discusses the law that need to be implement in these scenarios and proof by the help of Wills Act 1837. Initially, report discusses the introduction of will and Probate, because these terms will be used frequently in the paper. Later, the paper concludes with the proper advice for both the case scenarios.

Will:

A will is a legal document in which you plan to inherit your assets, and return the share to each. You can do your will in one of three forms: holograph, or notarized before witnesses.

Probate:

In England and Wales When someone dies the probate process the case in which the deceased collected, and the distribution of estate assets is treated to the beneficiaries. It covers all procedures for the management of a person's estate, has died. The High Court is the only place the bales on the documents, which is the executor or personal representative the opportunity to give a deceased person's estate matter much. These are then these people to close bank accounts, sell property, or sell shares.

Part 01:

In the first scenario, Berni is worried because she is not sure about the main purpose that Hild told her but, Laura reminds Berni about that Hild wanted that money used to look after Amanda. On the other hand, Amanda is also excited about the will because if Berni work over the advice of Laura than it might happen that Amanda would be liable for £50, 000. There is another possibility that Amanda and Laura misguide Berni to take the money which Hild left. According to the will Berni lawfully own the money so he would be very careful about its lawfully dealing. According to the case, Berni is the one who is liable for taking care of the will. An executor acts as a trustee, who is used until all points xecuted the will or the inheritance is distributed. This need not be the rule. An executor may also be useful to intervene when it is not clear whether the inheritance is largely out of debt. A will is a unilateral lawful transaction, as an expression of the will of the testator alone, is personal, ...