Results tagged “wills” from LDP - The Legal Week

THE ROYAL family "made the right judgement" on Prince Harry's inheritance from his mother, Diana Princess of Wales' estate, a Merseyside lawyer said today.

The third in line to the throne has only started receiving the money after turning 25, it has been reported.

Mace & Jones trusts specialist Paul Bricknell said by law young people can gain access to their inheritance aged 18 but in many cases the youngster is too young to handle the cash sensibly.

THE JACKSON family are world famous for their music, but it's Michael Jackson's lawsuits and civil litigation claims which have kept them in the spotlight in recent years.

A few days ago there was speculation that Michael Jackson hadn't written a will and his parents made a quick application to get control over his estate.

However, Michael Jackson's lawyer, John Branca holds a will that appoints himself and John McCain, a music executive, as co-executors of Michael Jackson's estate.

A MERSEYSIDE law firm is urging families to review their wills as the credit crisis wreaks havoc with the value of estates.

Mace & Jones private client team warns that with investments and property prices tumbling, wills drafted during the economic boom of the 90s and 00s need urgent review as their provisions may well now be out of date.

"Many assets in wills have plummeted in value," said Mace & Jones private client Associate Paul Bricknell.

A PROTRACTED legal battle which saw a wrongly-drafted will tear a family apart is proof of the increasing need for fragmented families to take thorough legal advice over estates and trusts, according to a Liverpool law firm.

India Buildings-based Mace & Jones is launching a new contentious trusts and estates unit in response to increased demand for the service.

Private client partner Peter Houghton said this week's high profile case of the Sprackling family, which saw three adult children fall out spectacularly with their step mother, is a strong example of why "modern" families need good legal advice.