Wills 1 Flashcards
Capacity
Mental capacity
Over the age of 18
Understands the will
Understands the gifts being disposed of from the estate
Formalities to the will
Signed by the testator
In the presence of 2 witnesses
Valid attestation clause
Revokation of will - marriage
revoked previous wills unless expressly states except marriage / civil partnership
Revokation of will - divorce
Partially revokes the will but only in respects of gifts to former spouse and them being as executors
How can gifts fail?
Ademption
Lapse
If they act as a witness
Ademption
Failure of a gift by a specific gift in the will failing as it has been destroyed or no longer exists
Lapse
Failure of gift by death of beneficiary
Witness failure
If they are a witness to the will or the spouse of the witness then their gift automatically fails
Lapse information
Lapse when beneficiary does it would automatically pass to their issue - equally if more than one issue.