Legal Wills

Legal Wills

Testament is a legal instrument in which a person (the testator) is created to make decisions about your property (which can include both movable and immovable property) will be administered and distributed after his death.  A proxy is a legal document in which a person (founder / principal) appoints another person or organization acting as an agent on their behalf.  Grantor delegates authority to the agent to perform certain actions or functions on its behalf.  The person or organization you appoint is called your “attorney-in-fact” or “agent”.  Legal and proxy has a close relationship.  When testator creates a will, that really need someone to enforce his will according to your wishes.  So does executor of the same way as an agent of the job force.

Why is it important to make a will

This is a point summary of reasons: -

You choose your own executor to carry out your wishes

Being appointed a guardian for minor children and unborn children (especially for a mother on behalf of a father who has parental responsibility. For more information, click here

You decide Total assets to a spouse or life partner, and other waste

You decide who will inherit your property, and (sometimes) at the age of

Avoid a lot of uncertainty and anxiety and lengthy procedure for your family

Rest easy!

What happens if I die without a will?

The most important laws of descent in Scotland is the sequence (Scotland) Act 1964.  All properties located in Scotland are subject to these laws.  If you die without leaving a valid will, your assets are transferred in the form of rules of intestacy as laid down in the provisions of the Succession War (Scotland) Act 1964.

Who is responsible for managing the property?

The personal representative (executor) named in his will pay all the bills, collects and protects your property, collect debts, obligations ensures that the tax paid and assets distributed according to the schedule set out in the control.

You can choose one that is not a member of the family if there could be resentment on the basis of their choice, or if no family is qualified for the position.  Banks with trust departments are often good choices for this position.  If you have no will, the court must select a personal representative.

How to change a will

The only way to change a will to do: -

an addition to the will, or

a new will.

Recommendations

A codicil is a supplement to a will made some changes, but leave the rest intact.  This can be done, for example, to increase a cash legacy, change an athlete or guardian named in the will, or to add beneficiaries.

The destruction of a will

If you want to destroy the will, you must burn, tear or destroy it with a clear intention to be lifted.  You must destroy or be destroyed should be in their presence.  A simple instruction executor to destroy the will has no effect.  If the will is destroyed by accident, has not been revoked, and can still be declared valid.