Wills, Trusts, Probate Legal News
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10/04/2012
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Widow claims inheritance is not enough
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Barbara Lileyman married her late husband Roy in 2007, having met some time in 2004 after the death of his first wife. Mr Lileyman, a successful company director, made his Will shortly after the marriage, leaving his wife limited rights of occupation in the two properties they owned together, an annuity and some of his personal chattels. She took a claim against the estate arguing that she had not been left reasonable financial provision under the Will. The rest of his estate had been left to his two sons.
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09/12/2011
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Are your Trustees equipped to deal with the duties and responsibilities placed on them?
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Trusts can offer great flexibility. They allow property to be ring-fenced; placing it in the hands of trustees who have wide powers to deal with it for the benefit of the named beneficiaries. They can be used to mitigate tax and to protect assets from third parties who might have claims over it. In most cases such trusts function perfectly, with the trustees fulfilling their obligations to the satisfaction of the beneficiaries in whose benefit they act.
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