Will Writers.......
Discussion
Know a bit about it but wouldn't want to advise in all honesty.
Would suggest you ask for a thread move to SP&L where you are more likely to get the audience you require.
What I do know is that as a practice some of the most profitable work my Firm undertakes is as a result of deficient or simply void wills which have been prepared from ‘Home Will Writing’ kits or ‘professional Will writers’.
Also don’t use the ‘Free Will Writing’ service offered by your bank unless you can specify someone other than them as the executors. If you think that what Solicitors can charge when acting as professional executors on an estate is bad, they are armatures compared to the banks’ ‘Estate Administration’ services.
My advice for anyone who wants to have a Will prepared for them is to go to a solicitor, preferably one who has TEP after their name and pay the going rate for a proper Will. This way there is far less chance of there being any concerns, it will be drafted based on the best possible advice in light of the current legislation, and if all else fails there is Indemnity Insurance to fall back on which you know exists and who to contact in 50 years time when “J. Bloggs Will Wrotters Services” has long since disappeared without a trace...
Would suggest you ask for a thread move to SP&L where you are more likely to get the audience you require.
What I do know is that as a practice some of the most profitable work my Firm undertakes is as a result of deficient or simply void wills which have been prepared from ‘Home Will Writing’ kits or ‘professional Will writers’.
Also don’t use the ‘Free Will Writing’ service offered by your bank unless you can specify someone other than them as the executors. If you think that what Solicitors can charge when acting as professional executors on an estate is bad, they are armatures compared to the banks’ ‘Estate Administration’ services.
My advice for anyone who wants to have a Will prepared for them is to go to a solicitor, preferably one who has TEP after their name and pay the going rate for a proper Will. This way there is far less chance of there being any concerns, it will be drafted based on the best possible advice in light of the current legislation, and if all else fails there is Indemnity Insurance to fall back on which you know exists and who to contact in 50 years time when “J. Bloggs Will Wrotters Services” has long since disappeared without a trace...
bigTee said:
my current will (that i can't find, but i may know who has) leaves my ex wife the lot..!
need a new one - pronto!
See solicitor with TEP after their name pronto. need a new one - pronto!
IIRC there is a LittleTee - in which case you certainly don't want to do it on the cheap as I suspect you will want to ensure there is something to help them, but which will not ultimately end up in the pocket of Mrs ExTee.
Oh and try not to die before you sign it...
leave specifics first eg my watch to my cousin Fred
leave everything else next eg and everything else to my wife*
make sure the will is not witnessed by a beneficiary or the spouse of a beneficiary
this* vague wording works much better for the main beneficiary as it includes property you might have forgotten about and/or property that you acquire after the date of the will.
leave everything else next eg and everything else to my wife*
make sure the will is not witnessed by a beneficiary or the spouse of a beneficiary
this* vague wording works much better for the main beneficiary as it includes property you might have forgotten about and/or property that you acquire after the date of the will.
wainy said:
Its "Will Aid" month soon so can get one done properly for a little bit less cash
Fine where the estate is very mickey mouse (all to my wife but if she dies first to our children Dick, Willy and Fanny equally and £500 to Cancer Research) but they will not pay, IIRC, for more complex Wills, such as those seting up trusts for children from a former relationship, etc.Threeracers said:
I believe that getting divorced nullifies any gift to your ex but still worth writing a new one asap.
No it doesn’t.It means that the Will operates as if the former wife/husband had died I believe. So if you have no kids, for example, you could be handing your Worldly over to the Ex Outlaws!
MAKE A NEW WILL - And get the advice of a real person
Edited by Rude-boy on Monday 4th October 16:08
Rude-boy said:
Threeracers said:
I believe that getting divorced nullifies any gift to your ex but still worth writing a new one asap.
No it doesn’t.It means that the Will operates as if the former wife/husband had died I believe. So if you have no kids, for example, you could be handing your Worldly over to the Ex Outlaws!
MAKE A NEW WILL - And get the advice of a real person
[/footnote]
I am in a similar position to Big Tee.
Question is, what is the ball park cost of going through a solicitor, and what are the real advantages of this over something from the Web.
Bear in mind that the will will be very simple, and I have spent a fortune on solicitors over the last few years on the divorce, and dont want to spend more if it is not required. I can see it may be required for a complicated will, but mine wont be.
Question is, what is the ball park cost of going through a solicitor, and what are the real advantages of this over something from the Web.
Bear in mind that the will will be very simple, and I have spent a fortune on solicitors over the last few years on the divorce, and dont want to spend more if it is not required. I can see it may be required for a complicated will, but mine wont be.
john2443 said:
Rude-boy said:
Threeracers said:
I believe that getting divorced nullifies any gift to your ex but still worth writing a new one asap.
No it doesn’t.It means that the Will operates as if the former wife/husband had died I believe. So if you have no kids, for example, you could be handing your Worldly over to the Ex Outlaws!
MAKE A NEW WILL - And get the advice of a real person
[/footnote]
We don't know what the original Will said/says and you note I was being pedantic ;Section 18A Wills Act 1837:- http://www.statutelaw.gov.uk/content.aspx?activeTe...
You'll also find it on the bottom of a Decree Absolute.
Any power or gift conferred upon them lapses as if they had died on the date of the DA. So assuming your current Will takes effect because you have died the gift passes to your alternate, whoever that is. Of course if you have kids and your Will appoints someone as their guardian, you thought at the time just in case your wife pre-deceases you, the chances are they could be the Ex's parents so even more likely you could be giving it to them
It is impossible to advise without all relevant information and there are many factors which affect the complexity of the Will required.
Speak to people who know what they are talking about. Get proper professional advice from a solicitor who practices in this field
http://www.step.org/news/press_releases/2010/step_...
They will tell you what sort of Will appears best suited to you on the information provided and give you an idea as to the costs involved. Don't forget though, although you think you're going to live forever, you're not. If you have any sort of meaningful assets it is money well spent, you can't say oops I didn't mean for them to have that when you're dead!
Edited by Rude-boy to fix fliping link!
Edited by Rude-boy on Monday 4th October 23:15
Soovy said:
Spend £200 on a solicitor. PLEASE.
I'd go with that if it's complex as you say.I did my own with a "kit" but then mine basically says "Everything gets split equally between my brothers" From what I remember of it I wouldn't expect your situation and a "kit" to be compatible!
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