Introduction to Wills

Published by a LexisNexis Private Client expert
Practice notes

Introduction to Wills

Published by a LexisNexis Private Client expert

Practice notes
imgtext

Definition and Purpose of a Will

In general terms, a Will is a document made in accordance with the formal requirements laid down by section 9 of the Wills ACT 1837 (WA 1837), containing statements by the person making it with regard to the disposition of their property after their death. Wills may be distinguished from codicils which usually add to, vary, revive or revoke a Will previously made, and a person may have more than one Will (eg where they are disposing of their property in different countries).

On a person's death, without a valid Will, the intestacy Rules would apply. A Will is usually made for the purposes of:

  1. revoking or altering any previous Will or other testamentary disposition

  2. appointing executors (or executors and trustees)

  3. appointing guardians for the testator's minor children

  4. conferring additional powers on trustees

  5. ensuring the testator's property is inherited by beneficiaries of their choosing

Note that an intending testator cannot delegate to another the task of deciding how their property is willed. However, it is possible

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Key definition:
ACT definition
What does ACT mean?

Association of Corporate Treasurers.

Popular documents