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Information about wills.....

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    Posted: 08 Mar 2021 at 10:58pm
How do wills work now.....are they like you see on the tv with a solicitor sitting at a table and all the family waiting to hear the outcome or are there different methods????plus what role does the executor of the will play and what powers do they have?..
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Post Options Post Options   Thanks (0) Thanks(0)   Quote McG Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2021 at 11:01pm
Well it depends if you are talking about writing/making one or being a beneficiary.

An executor of a will is just somebody entrusted with ensuring your wishes are carried out. But normally the law takes care of that part when it comes to distribution of any estate or few bob.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JUICEBOMB Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2021 at 11:13pm
Originally posted by McG McG wrote:

Well it depends if you are talking about writing/making one or being a beneficiary.

An executor of a will is just somebody entrusted with ensuring your wishes are carried out. But normally the law takes care of that part when it comes to distribution of any estate or few bob.



Beneficiary of a will McG.so the executor just makes sure the beneficiaries got there few bob or whatever their due from the will.does the executor get to read out the will or get a copy of it?


Edited by JUICEBOMB - 08 Mar 2021 at 11:16pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote McG Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2021 at 11:16pm
Haven’t found myself in that position yet thankfully but hollywood dramatic effect aside, I’m sure it’s something like that only way more boring and red tape and inheritance tax and sh*te.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Lenny82 Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2021 at 11:34pm
Only the executor gets a copy of the will. Beneficiaries are notified independently to be made aware of what they have been left. Access to the full will is only made available once probate completes.

There is no formal process for reading a will. That's just Hollywood stuff!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JUICEBOMB Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2021 at 11:46pm
Originally posted by Lenny82 Lenny82 wrote:

Only the executor gets a copy of the will. Beneficiaries are notified independently to be made aware of what they have been left. Access to the full will is only made available once probate completes.

There is no formal process for reading a will. That's just Hollywood stuff!



So I’d imagine that a solicitor is normally the executor of a will?I mean if a family member is the executor and a beneficiary  could that not lead to problems?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Baldrick Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2021 at 11:59pm
where there is a will there is a relative.   
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zinedine Kilbane 110 Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2021 at 8:31am
Originally posted by Baldrick Baldrick wrote:

where there is a will there is a relative.   

Where there is lots of money there is a dispute.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Lenny82 Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2021 at 8:31am
Originally posted by JUICEBOMB JUICEBOMB wrote:

Originally posted by Lenny82 Lenny82 wrote:

Only the executor gets a copy of the will. Beneficiaries are notified independently to be made aware of what they have been left. Access to the full will is only made available once probate completes.

There is no formal process for reading a will. That's just Hollywood stuff!



So I’d imagine that a solicitor is normally the executor of a will?I mean if a family member is the executor and a beneficiary  could that not lead to problems?

There will be a solicitor alright but the executor is usually a family member or close friend and they can also be a beneficiary.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Baldrick Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2021 at 8:39am
Originally posted by Zinedine Kilbane 110 Zinedine Kilbane 110 wrote:

Originally posted by Baldrick Baldrick wrote:

where there is a will there is a relative.   

Where there is lots of money there is a dispute.

As newryrep is a man who hates an argument he plans to leave f**k all 😀
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Post Options Post Options   Thanks (0) Thanks(0)   Quote horsebox Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2021 at 8:57am
Originally posted by Lenny82 Lenny82 wrote:

Originally posted by JUICEBOMB JUICEBOMB wrote:

Originally posted by Lenny82 Lenny82 wrote:

Only the executor gets a copy of the will. Beneficiaries are notified independently to be made aware of what they have been left. Access to the full will is only made available once probate completes.

There is no formal process for reading a will. That's just Hollywood stuff!

So I’d imagine that a solicitor is normally the executor of a will?I mean if a family member is the executor and a beneficiary  could that not lead to problems?

There will be a solicitor alright but the executor is usually a family member or close friend and they can also be a beneficiary.

Does the executor have to disclose how the estate will be divided out between family members?

I mean how will a sibling know they got a fair share.


Edited by horsebox - 09 Mar 2021 at 8:57am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote irish_major Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2021 at 9:23am
Wills are a waste of time when it comes down to it - the law will just take over. I would have everything singed over long before I passed as the people you want to leave everything to could potentially get screwed over.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JUICEBOMB Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2021 at 9:31am
Originally posted by horsebox horsebox wrote:

Originally posted by Lenny82 Lenny82 wrote:

Originally posted by JUICEBOMB JUICEBOMB wrote:

Originally posted by Lenny82 Lenny82 wrote:

Only the executor gets a copy of the will. Beneficiaries are notified independently to be made aware of what they have been left. Access to the full will is only made available once probate completes.

There is no formal process for reading a will. That's just Hollywood stuff!

So I’d imagine that a solicitor is normally the executor of a will?I mean if a family member is the executor and a beneficiary  could that not lead to problems?

There will be a solicitor alright but the executor is usually a family member or close friend and they can also be a beneficiary.

Does the executor have to disclose how the estate will be divided out between family members?

I mean how will a sibling know they got a fair share.


Yeah that’s what I was thinking....plus what’s the point of an executor when the solicitor can read out the will???

Also what happens if some members of a family are left more than others,would that not cause murder if it’s been disclosed to all the family members?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sausy Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2021 at 9:34am
Originally posted by irish_major irish_major wrote:

Wills are a waste of time when it comes down to it - the law will just take over. I would have everything singed over long before I passed as the people you want to leave everything to could potentially get screwed over.
 
I completely disagree. Ignore dividing up a multi million empire and there are some very basic things they cover off. I'm not married and me and the GF bought the house together. I have a will saying that if I die my interest in the house (and everything else) passes to her. If I was to die intestate then my interests pass to my estate who at this point would be my parents. I'm sure there have been cases out there where the parents didn't make life easy for the surviving partner so why not take the hassle out of it and have a will.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sausy Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2021 at 9:35am
Originally posted by JUICEBOMB JUICEBOMB wrote:

Yeah that’s what I was thinking....plus what’s the point of an executor when the solicitor can read out the will???

Also what happens if some members of a family are left more than others,would that not cause murder if it’s been disclosed to all the family members?
 
you can challenge a will
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Post Options Post Options   Thanks (0) Thanks(0)   Quote irish_major Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2021 at 9:39am
Originally posted by sausy sausy wrote:

Originally posted by irish_major irish_major wrote:

Wills are a waste of time when it comes down to it - the law will just take over. I would have everything singed over long before I passed as the people you want to leave everything to could potentially get screwed over.
 
I completely disagree. Ignore dividing up a multi million empire and there are some very basic things they cover off. I'm not married and me and the GF bought the house together. I have a will saying that if I die my interest in the house (and everything else) passes to her. If I was to die intestate then my interests pass to my estate who at this point would be my parents. I'm sure there have been cases out there where the parents didn't make life easy for the surviving partner so why not take the hassle out of it and have a will.

And if your family decided to contest it they would have a case and your will would be null and void.

Common law wife would potentially cover off your GF there anyway but your will isn't worth pish if someone decides to contest.  
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JUICEBOMB Quote  Post ReplyReply Direct Link To This Post Posted: 09 Mar 2021 at 10:09am
Originally posted by sausy sausy wrote:

Originally posted by JUICEBOMB JUICEBOMB wrote:

Yeah that’s what I was thinking....plus what’s the point of an executor when the solicitor can read out the will???

Also what happens if some members of a family are left more than others,would that not cause murder if it’s been disclosed to all the family members?
 
you can challenge a will


Going down a messy route there no?
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