The recent case involving Tinoula Aregbesola and Barclays, as reported in the Law Gazette and the Daily Telegraph, highlights the importance of having an up to date will in place and one that is tailored to meet your particular circumstances.
In the case Tinoula’s father made use of Barclays’ £90 will writing service when he made his Will. In that Will her father left her half of a property worth £800,000. However when her father died the property passed automatically to her father’s wife as the surviving joint owner. Tinoula claims that Barclays failed to sever the joint ownership of the property before her father died, which if done would have allowed his 50% share to pass to Tinoula under his Will. She is claiming hundreds and thousands of pounds in compensation from Barclays for not receiving her father’s share of the property.
The message from this case is to make sure that you have an up to date will, drafted for you by a regulated and experienced professional firm, that reflects precisely your wishes and works effectively with the assets you own. It is clear from the statistics that putting in place a Will is not high on people’s list of priorities but it should be as it one of the most important decisions a person will make in their lifetime.
The process of putting in place a Will is on the whole straightforward and inexpensive, so there is no excuse for not having one in place. For further information on wills please get in touch by email: email@example.com or call 01803 202020.