Most people know what a Will is and what it is used for, but there is very specific language used in this document which may be confusing or difficult to understand.
Will writing solicitors in North Wales can explain the terminology and indicate that as a legal document, it is essential that the Will contains particular phrases and words to warrant it legally binding.
For example, the person who is making the Will and dividing up their assets is called the testator. Their assets are the goods and property that they own and normally, these are detailed in their Will with information about which loved one or charity will inherit each. Assets can include everything from a house to savings in the bank. A bequest is a gift left in a Will, and the entire possessions and property owned by someone is called their estate.
A beneficiary is someone who inherits some of the assets belonging to the testator, whilst an executor is an individual appointed to carry out the instructions in a Will. An executor may also be a beneficiary. If someone dies without a Will, they are known as dying in intestate. In these cases, their assets will be dealt with by a law court. Wills solicitors in North Wales usually advise people to have a Will drawn up to avoid this happening.
Here at Bennett Smith Solicitors, we will guide you on all aspects of making a Will, so contact us now and we will book you an appointment.
