When making a Will, many people choose to use a DIY kit or online template for a variety of reasons.
Research shows that 37% of us thought it would be cheaper than going through a qualified Will Writer, whilst others thought it would be quicker to do it ourselves. Sadly , this approach means that millions of Britons could potentially be leaving their loved ones to deal with disputes over the distribution of their assets after they die.
Common Errors when creating your Will yourself
- Only one witness has signed
- Testator amending the Will later and not having the amendments witnessed
- No witnesses at all
- Witnessed by beneficiary
- Witnessed by the beneficiary’s spouse
- Copied from someone’s else’s Will.
- No Executor appointed
- No expert advice as to potential disinheritance
- No expert advice on how to protect valuable assets
2 June 2020
The views expressed in this blog do not in any way constitute advice and are specific to the date noted. As time passes the facts can change and readers should consult their adviser for up to date advice on any matters covered within the blog. Invest Southwest offers an initial review, which is free of charge, however long it takes. From this we will be able to confirm how we can help and give you an opportunity to decide if you would like us to. Thereafter, we will provide you with detailed recommendations and exact costs. Please note that we promise not to levy any kind of fee unless we can demonstrate a benefit to you.
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- How to Leave up to £1 Million to Your Loved Ones Tax Free - a Two-part Guide: Part 2
- How to Leave up to £1 Million to Your Loved Ones Tax Free - Part One
- Adult Children and Management of Their Finances