There are 2 forms. First your Will and second your EPA. The EPA
has now been replaced by the Lasting Power of Attorney and we shall have this
available shortly for you.
They are both on this page and easy to use. If you need
help and guidance this is available online. Click the links on this page
and the help and guidance appears on screen in a new window. Move
between the 2 windows to fill in the form and get help.
To keep our costs as low as £27 we offer this special Will for a single parent
with children. They will share your whole estate equally between them.
We need the details requested in the form below to personalise
your will.
Thinking about your Will only complete the first form.
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This will is intended for only a single parent with 1 or more
children.
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What this will does. This will enables you, a
single parent, to
appoint executors (for example your parents, brothers or sisters or friends) and your
children's guardians. It assumes you will leave your whole estate to your
children equally. You can make a direction about your funeral arrangements
if you wish (optional).
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If you have more than 1 child then the will assumes that if any
of them die before you then your estate is divided equally between the surviving
child/children. (eg 2 children share 50:50 but if 1 dies before you the
surviving child takes all. Or if 3 children share 1/3 each, then 2 share
1/2 each).
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Because of these assumptions YesTor have kept the price of this
will to a minimum £15.
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Executors - Those who manage your estate after you die. Married
couples usually appoint each other as sole executors. However you may chose to appoint each other with
others. This is a personal decision and you should decide for yourselves
what choices to make.
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You should get proposed executors agreement to act before you
appoint them. The will form guides you through the appointment process.
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Your appointed executors will also be your trustees. For
example when your children inherit and 1 or more is under 18 special legal rules
apply. These wills
provide for children to inherit when they reach 18. So a child under 18
(minor child) has to wait to inherit. What
happens to their share (presumptive share) during the waiting period? Put simply it is held in the
name/s of the executors and trustees on their behalf. Usually in interest
bearing accounts or gilts (your executors may need to seek advice on this).
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In some circumstances you may wish to appoint accountants,
solicitors or banks as your executors and trustees. YesTor supply standard
and the more typical wills. These wills do not provide for the appointment
of professional executors or include the special charging clauses that will be
included. If you feel you may require more complicated wills, perhaps
because you have substantial assets or more complicated tax affairs then you
should seek your own detailed professional advice.
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Guardians - Only if you have any children under 18
now do you need to appoint guardians. Guardians are the people whom
you wish to actually look after your
minor children if you have both died. (If 1 of you dies no guardians
are appointed). You will need to speak to the proposed
guardians and obtain their agreement first. It is possible to appoint
guardians as executors as well.
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In this will you can appoint 1 or 2 guardians.
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Single parent guidance notes for an EPA
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You may already understand what an Enduring Power of Attorney
is. If not then please read the plain English YesTor
guide. There is a more detailed explanation
as well.
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The person who makes the EPA is called the donor. You are
the donor and appoint attorney/s.
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You may choose one attorney or more than one. If you
choose more than one, you must decide whether they are able to act:
- Jointly (that is, they must all act together and cannot act separately); or
- Jointly and severally (that is, they can all act together but they can also
act separately if they wish).
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If you give your attorney(s) general power in relation to
all your property and affairs, it means that they will be able to deal with your
money or property and may be able to sell your house.
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If you don’t want your attorneys to have such wide powers,
you can include any restrictions you like. For example, you can include a
restriction that your attorney(s) must not act on your behalf until they have
reason to believe that you are becoming mentally incapable; or a restriction as
to what your attorney(s) may do. Any restrictions you choose must be written or
typed where indicated on the form.
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If you are a trustee (and please remember that
co-ownership of a home involves trusteeship), you should seek legal advice if
you want your attorney(s) to act as a trustee on your behalf.
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Unless you put in a restriction preventing it, your
attorney(s) will be able to use any of your money or property to make any
provision which you yourself might be expected to make for their own needs or
the needs of other people. Your attorney(s) will also be able to use your
money to make gifts, but only for reasonable amounts in relation to the value of
your money and property.