Evaluate the devises and legacies

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Reference no: EM133179574

Unit - Succession

You work for the firm of Beatle Stones and Grittle as a Paralegal in the private client department. Lily Falcon wants assistance in drafting her first Will - she is 85 years old and has brought her son with her for support, since she feels a bit nervous. She explains that she has cash in the bank, two pensions and a property that need to be disposed of. She also has some family heirlooms of sentimental value that she would like to pass on to certain members of the family. She also has a favourite charity that she would like to leave £8,000 to. Explain to Lily how a Will is made and the types of clauses that are included in a Will and the types of gifts she can make in it.

Analyse the formalities for making a Will and evaluate the devises and legacies that a testator can bequeath and the circumstances where these may fail.

To successfully complete this question, learners will have to include in their answers, the following:

S9 Wills Act 1837
In writing with explanation or case Signed with explanation or case Attested with explanation or case Capacity with explanation or case Intention with explanation or case

Revocation clause, irrespective of the fact she has not made a previous Will

Appointment of Executors
Any burial or cremation wishes Devises with explanation Legacies with explanation
Cy-pres clause for charity with explanation Gift of residue and why this is important

Reference no: EM133179574

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