Can I write my own Will? Hadley
Can I write my own will ?
Did you know that many people in the UK opt to put off drafting a will until the very end? In some way, this makes absolute sense as it’s not every day that you will want to think about your death! Nonetheless, the only way to make sure that no financial complications arise later on is to prepare a will. There’s simply no way around it!
Also, by leaving behind a signed and witnessed will, you guarantee that the people you love and care about will have nothing to worry about after your demise as you will have provided for them.
Many people put off writing a will until it is too late. This is understandable, perhaps, as nobody likes to think about dying. Nevertheless, making a will is vitally important to ensure there are no financial complications after your death, and to avoid worry for loved ones during an already stressful time.
What to consider:
Writing a will ensures the property you leave behind is well shared among the people you intended it to be left to. Leaving a will before you die can be regarded as proper planning. A local legal will can be written if you have few property and also if you have massive wealth the law still allows it. The type of will you write depends on the amount of instructions you leave behind regarding sharing of your property among people, your family included. You can write your own will but if you have a lot then you need a solicitor from a registered company to to ensure that your will is probate at small cost for consultation.
If a will is confirmed by the law to be legal it is said to be probate. According to the law you need a piece of paper to write the will, two witnesses present at the time and your signature for the will to be legal.The law also states that, you should be of good health and a sound mind during the time you are writing the will. To gather help about wills, contact a professional for advice. Leaving a will ensures your family will be left happy.
When you own property abroad, or you want to leave some property to the extended family or friends you should consult a professional to offer you advice at a convenient cost. A solicitor ensures that wills are legal to help your family by fulfilling all the requirements of the law. The will should also be probate if it is written according to the law.
It is legal for people to write their own wills according to the law. you can also email a solicitor and they will offer you advice regarding your will to ensure it is probate. According to the law, wills can be written at any time as long as the requirements are met. For the will to be binding it must be probate.
When looking to make a will, a question often asked is “can I create my own will?”
The simple answer is yes, a person is allowed to write their own. Whether this is the best option is not so straightforward.
Often, the main motivation for writing your own will is cost. Writing kits can be bought over the counter, or downloaded online, for very little money. However, for a number of reasons, these kits could end up costing you money.
These “do it yourself” they might be completed incorrectly, some questions can be difficult to understand, or inadvertently missed, and your answers could be misinterpreted. All these things could lead to it being contested, and would need the involvement of a solicitor.
Using a legal professional would ensure that your will is completed correctly and not open to any misunderstanding. Any discussions and information would be documented, considerably reducing the chances of your will being contested.
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To find out more about our will writing service all you have to do is give us a call. One of our friendly team members will chat with you about your personal circumstances and what you wish to include in your will. We will then schedule a visit, at a time of your choosing, for one of our Legal Consultants to come and visit you
They will gather all of the necessary information together in order to prepare and write your will. Once this stage has been completed you will then receive your completed will for approval. The whole process takes an average of 28 days. To find out more information please do give us a call today. We offer a fixed fee and guarantee the lowest local will writing prices.
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Writing wills is the only way to ensure that your money, possessions, property, as well as your investments, has gone to the people or the causes that you care of.
How to write a will
Find out the value of your property. You can draw a list of your lasting assets and your debts too.
The assets that usually make an estate are
- motor vehicles
- your company
- your home, furniture and other household pieces of stuff
- all your savings (bank/building society accounts)
- pension funds
- investments like stocks and shares
- other property that you own
- other personal belongings registered under your name
Then calculate the amount of debt you have. Debts may be a mortgage, a bank overdraft, a credit card balance, loans or equity release. These assets should be valued on a regular basis since their value keeps changing over time. To clarify this you can contact the people responsible to know how long lasting they are.
The will should be transparent regarding your assets. Ensure you have stated well who you would like to gain from your will. Decide where the remains of the assets will go (any money or property that is generally left after meeting the funeral along with administrative expenses, taxes, and legacies). State what to be done if one of your beneficiaries dies before you. If you desire to give any particular gifts to specific individuals like charity, ensure that you have included the correct information like the full names, addresses, and the charity’s registered number. Erroneous information might make your chosen charity to be denied the gift. This is a long lasting decision make sure it is satisfactory to you.
Executors deal with the distribution of your assets once you are dead. It involves a lot of work and accountability, thus think about the people you appoint cautiously.
It’s now the time to write your will
Make your own will:
Make your own will and ensure that it is valid. It should be correctly drafted and signed.
It is typically best because they offer legal advice. Look for one who specializes in wills. Ensure that they are registered with the relevant body.
Some of the banks have will-writing services as well as advice regarding asset planning.
Professional wills writers:
these are not qualified solicitors; hence, they might not be regulated. Do thorough checks if they are registered before you choose one? You do not want to mess up because of less research on solicitors.
Ensure your will is valid
Your will should be in writing, and only you should sign it and witness by at least two people who should as well sign it in your presence. You should have the mental capability of making the will and also understand the effect that it will have. Finally, you should make the will willingly and not from anyone else pressure. The beneficiaries, their family or civil partners are not supposed to act as witnesses; otherwise, they will lose their right of the inheritance. They are not even supposed to be present when the will is being signed. It is not advisable for an executor to be a witness.
Making a will in sickness
The will can be signed on your behalf if you are not capable provided that you are in that room and you have the mental capability to make the will. It should contain a clause stating that you understood everything prior to signing it. In case of a severe ailment, you might require a statement from a medical practitioner certifying that you have understood what you are about to sign then you can get an attorney. You can as well appoint somebody else to have a short-term power to sign your legal documents by giving them a general power of Attorney.
Keep updating your will
You are supposed to review your will after every five years or after a significant change like a moving house or new grandchild, and you should never make changes to the original will. For minor amendments, you can add just an addition, called a codicil that must be signed and witnessed just like the will, even though the witnesses don’t need to be the same. For significant changes like remarrying or divorce, the will requires to be changed. You must make a new one and cancel the previous one.