Are changes in the law relating to Wills on the horizon?
The law in relation to Wills in England and Wales has
remained relatively unchanged for the last 200 years. However over the last few
months the Law Commission have undertaken a review, to which Gamlins Law have
contributed, as to whether the law should be changed.
Currently in order to prepare a valid Will, a person must
satisfy the following criteria as set in the case of Banks v Goodfellow
(1869-70):
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They must understand the nature of a Will and
its effects
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They must understand the extent of the property
they are disposing under the Will
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They must be aware of the persons they should
consider providing for in making their Will
Further in order for the Will to be valid it must comply
with the Wills Act 1837 in that the Will must be in writing, signed in the
presence of two witnesses who acknowledge the testator’s signature.
As you will see the law in relation to Wills has been around
for many years, which is why the law commission are now considering its ongoing
suitability. Certainly given the ageing population, a greater use of digital
technology in the world and greater understanding of medical conditions when it
comes to matters of capacity, a review of the law in respect of Wills appears more
than overdue.
Around the world, the formalities for preparing a Will have
been loosened to greater reflect the modern world whilst also ensuring that a
person’s wishes are not dismissed for want of certain formalities being carried
out, as evidenced in a recent Australian case where an unsent text message was
deemed to constitute a valid Will.
The Law Commission’s review of the law in relation to Wills
is welcomed and will hopefully open doors to allow the law to develop as
society changes over the next 200 years.
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