enquiries@parslowsjersey.com
8 Hill Street St Helier Jersey JE2 4UA

Print This Post Print This Post

Making a Jersey Will | Wills Succession and Estate Planning | Parslows Jersey

Jersey Will Points to Consider | Parslows JerseyJersey Will Points to Consider

Making a Jersey will

If you do not have properly executed wills for your immovable and movable estate which disposes of your assets upon death, then Jersey intestacy laws will determine the distribution and who administers your movable estate. If you wish for your estate to be passed to specific loved ones you should always carefully consider whether to make a will.

 Will points to consider – Don’t lose the will

First and foremost at the risk of stating the obvious once you make a will, don’t lose it, making a Jersey will is important – if given the choice it is usually advisable for your lawyer to retain the original copy of the wills.  Your lawyer will provide you with copies.  In the unfortunate circumstance that the wills are lost it is sometimes possible (but not always) to prove a copy will for probate purposes. If not then, you run the risk your estate could fall into intestacy.

Will points to consider – Finding your assets and contact details of loved ones

This is often a neglected issue but it is an important one when making a Jersey will.  You should always consider how your executor will ascertain all of your assets.  A list placed with the will or in a readily accessible place could save your testator a lot of time and money.

Will points to consider – Don’t forget to check your wills periodically

It is always advisable to check how your wills are structured every few years.  For many people, wills are relatively straight forward in that they provide for the deceased spouse and children. However, your will may request specific assets to loved ones which may not now be appropriate or the named beneficiary may have passed away.  In the latter case, you could find that a specific bequest may end up passing to the residue estate if that beneficiary has passed away.

Will points to consider – Beware using online DIY wills

It is not advisable to use online homemade DIY Jersey wills. The law relating to wills is not the same as that in other jurisdictions.  For example, there are a number of formal requirements that need to be met for a will of immovable property and a will of movable property which are dictated by Jersey Statute.  Without complying with the formality requirements, you run the risk that your will may be invalid under Jersey Law and that your immovable and/or movable property may pass under intestacy and not to the person you wished to leave it to.

Will points to consider – Consider carefully how you purchase immovable property

If you are planning to buy immovable property in Jersey with someone else, you should consider whether to buy the property as joint owners, rather than owners in common.   If you hold immovable property as joint owners, then the property will pass on survivorship to the surviving owner without paying any additional stamp duty.  However, if the immovable property is held as owners in common, your share will pass in accordance with the terms of your will (or under intestacy) which may attract considerable stamp duty (some exceptions do however apply).

Will points to consider – what happens if a minor inherits property?

Under Jersey Law, a Tutelle is required when a minor (a person under the age of 18) inherits property or assets under a will.  A Tutelle is akin to a form of trust.  The cost of setting up a Tutelle may well exceed the value of the bequest.

Wills, Succession and Estate Planning

Natalie Jenner | Partner | Wills Succession and Estate Planning

For advice, assistance or further information on Jersey Wills please do not hesitate to call 630530 or email us on wills@parslowsjersey.com


Parslows Jersey offer fixed fees, no surprises Jersey Will service, so you don’t need to use homemade DIY Jersey Wills.

Please do not hesitate to call Natalie or Anna on 630530, members of our Will writing team, for a free no obligation discussion.

Our clients are pleased with our service and fees, we are confident you will be too.


Please note that the information provided on this website is for general information purposes only and is designed to provide you with an outline of the legal services we offer.  Whilst we endeavour to ensure our information is correct and useful, we make no representations or warranties regarding the accuracy or completeness of the information offered.  Information on our website does not constitute legal advice and Parslows Jersey accepts no liability for any loss or damage arising out of, or in connection with, the information found in this website.  Please consult a lawyer at Parslows Jersey in the event that you require professional assurance that our information, and your interpretation of the same, is correct
Top
Thanks!

Parslows Jersey are here to help with all your legal queries call us today on +44 (0) 1534 630530