Danger: DIY Wills!
DIY may seem like the cheaper option, but in the long run could it prove more expensive?
Over half the adults in the UK do not have a will, 10% say that they are put off doing so by the cost. Many thousands of those who already have a will have resorted to preparing a "DIY Will" to save money. But how much are they really saving in the long-run?
With solicitors charging up to £300 for a simple one-person will and on-line forms being available for as little as £10, it is no great surprise that many have taken this route.
But be warned 'Cutting corners' by using a DIY Will service could cause even more problems for those left behind than not having one at all". So says Karen Barrett, Chief Executive of financial advice website Unbiased.co.uk.
She went on to explain "The average consumer simply doesn't have the knowledge or ability to prepare legal documents themselves, even for what appears to be the most straightforward estate".
In the worst case scenario, an error in your Will could render it null and void, meaning that you would, in effect, die without a will. Thus despite your "having a Will", the state would get to dispense your Estate according to the Laws of Intestacy and not necessarily in the manner you would have wished.
Even if the Will is not invalid, errors could lead to its being contested, resulting in lengthy and costly legal battles that eat into your estate and as a result, the inheritance bequeathed to your loved ones.
The good news is that there is a better option that lies between the two extremes of high solicitors fees and "bargain wills". We offer a fully professional Estate Planning Service that can be conducted in the comfort of your own home. An initial consultation with us need take no more than an hour, after which we can prepare your will in accordance with your wishes before presenting it to you for signing and witnessing.
To make a no-obligation appointment with one of our Professional Estate Planning Consultants, click here or c
all the head office on 01843 269165