Statutory Wills
Statutory Wills: Did you know that a will may not be final?
Does a loved one of yours lack testamentary capacity? Don’t know where to turn during this difficult situation?
iMoney Wealth Management can help with this complex and time-consuming process by offering expert advice on drawing up a Statutory Will. We have served clients just like you who needed assistance in drawing up a Statutory Will.
Even if you have made a will a court can authorize a Statutory Will in the event that you or a loved one suffered an injury as a result of an accident or health condition.
Some examples of these circumstances may include:
- A person who is incapable of drawing up a new will may face new circumstances as the result of an accident or mental infirmity.
- A child has assets which they cannot make decisions about due to a serious injury.
When this happens the person is incapable of making a Will on their own.
When these circumstances arise medical evidence will be required to prove that a person cannot make decisions about their affairs on their own. This medical evidence is usually put forth by a trained specialist including the following:
- Psychiatrist
- Consultant physician
- The patient’s treating general practitioner
- Clinical psychologist
In some cases the court will order a Statutory Will. The court ordered will can be used to prevent litigation from members of the family,
Statutory Wills are a complex issue and our trained will specialist can help you get the latest information on Statutory Wills. Get started now by booking online or call 13000 iMoney (13000 46566) to find out more about Statutory Wills.
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