A surprising number of difficulties and disputes arise when the beneficiaries to a Will can’t be identified easily.
Although it may be clear when a Will is drawn up who the writer intends to leave their assets to, as time goes by beneficiaries may change their names, often more than once, and/or move away.
Often, a long period of time elapses between the writing of a Will and the administration of the estate. If a Will doesn’t make absolutely clear who is to inherit, it can cause numerous problems for the executor or administrator when they have to find and identify everyone named.
Why you need to do more than just name your beneficiaries
If your Will simply names a beneficiary without any further identifying information, then over the years it can be hard to trace the person intended.
Women in particular may change their names several times throughout their lifetime on marriage, divorce and remarriage.
To help the person who will eventually administer the estate, it is a good idea to include other identifying information, such as address, date of birth and the beneficiary’s relationship to you.
A note containing new addresses can also be put with the Will to make contacting people easier. Beneficiaries will also need to provide the executor with relevant evidence of any change of name, such as a marriage certificate or deed poll.
Why attention to detail in a Will is essential
It is also important to make sure that everyone’s name is correctly spelled in a Will. While an incorrect spelling does not invalidate a gift, it can cause difficulties for the executor and even lead to disputes.
Again, by putting in other identifying information, it will be easier for the executor to be clear exactly what your intentions were.
A professional lawyer will be able to write a Will for you that is clear and unambiguous, with all of your beneficiaries accurately identified. This can avoid expensive and damaging disputes and make sure your intentions are carried out.
To speak to one of our experts about having your Will drafted, ring us on 01243 216900 or email us at email@example.com.