Preparing A Will Coursework Example

  • 1
  • 2
  • 3
  • 4
  • 5
Category:
Law
Level:
University
Type:
A-Level
Pages:
1
Words:
275
Name Tutor Course Date Preparing a Will A fiduciary is a designated individual that owes the other person obligation of trust and good faith. It entails of the act of being bound ethically, whereby one acts to the best interest of the other party. Fiduciary duties are legal and ethical as one mostly focuses on managing the well-being and the assets for the benefit of an individual rather than their gains. Notably, it is not ethically or legally wrong for a lawyer to serve as an executor in a will that he or she has prepared for the client. It is possible especially in cases where the lawyer has no known effect on the client's decision to appoint him or her as the significant executor (Hower). Conversely, the request should be presented in a written document after a discussion of all the perspectives involved in the will and any conflicts of interests that are bound to arise. The total compensation fee for the Lawyer's will drafting and executor commission is supposed to be tenable, and the process should abide by the set state laws. The client's preference to choose their lawyer as an executor is their freedom, and it should not be altered unless there is a persuasive exoneration. Based on different accounts, the lawyer acts as the proper selection of fiduciary role during will writing (Hower). There are fewer chances that the lawyer can take advantage of their lawyer-client relationship for their gains at the expense of their client's interests. The lawyer has the choice to refer the client to another attorney in case he or she perceives that the lawyer-client relationship could be disrupted by conflicts of interest which cannot be resolved. However, if a lawyer agrees to draft the will and also be an executor, they should enlighten their clients with detailed info for them to reach a conversant decision (Hower). Such information should include the potential interest of the lawyer in the situation, the value of the executor commission,...
Looking for professional Coursework writing help?
Entrust your assignment to qualified writers!
Related samples
360 Degree Record Deals Coursework Example

Student’s Name: Professor’s Name: Course: Date: 360 Degree Record Deals Since its formation, 360 record deals have emerged among the top in the music industry. Basically, it provides financial and supports the artist in marketing, touring, promotion and other advances. In that context, the artist agrees to give a percentage of the income of their…

Read more
  • 1
  • 2
  • 3
  • 4
  • 5
A Case Of A Patient With Hypertension Coursework Example

A Case of a Patient with Hypertension Student’s Name Institutional Affiliation A Case of a Patient with Hypertension Background Information on the Patient This case is about a patient that was diagnosed with stage one hypertension during my practicum at Cleveland Clinic in Ohio. In this case, Tim will substitute the patient’s actual name for…

Read more
  • 1
  • 2
  • 3
  • 4
  • 5
A contract is an arrangement Coursework Example

Name Instructor Course Date Contract A contract is an arrangement between two or more parties. All the parties to the contract are obligated to perform as per the agreement. In law, the agreement is enforceable upon default of either party (David et al 32). Failure to fulfill the obligations set for the parties, lead to…

Read more
  • 1
  • 2
  • 3
  • 4
  • 5
To top Up