Wills are important legal documents and therefore, small errors may cause disputes. DIY Wills are becoming increasingly popular because they are a cheaper alternative to having a Will properly drafted by a qualified Solicitor. However, a small mistake could mean paying a much higher price. A solicitor has the knowledge and experience of drawing up a Will accurately. They can ensure that your wishes are clear and that the correct provisions have been included.
DIY Wills cost around £20 which you can purchase from retail sites. However, this may be a risky approach. If strict rules such as witnessing procedures are not followed correctly then the Will could be invalid.
It’s really important to consider using a solicitor for the following reasons;
- You have assets abroad like a holiday home;
- You run a business and expect it to form a part of your estate;
- It is likely you have to pay Inheritance tax;
- Your family status is complicated for example due to second marriages and children from a previous relationship.
Interesting fact: Studies show that up to 38,000 families per year have a dispute over DIY Wills.
If this is something that you feel you would like some advice about then please do not hesitate to contact our helpful team who will be more than happy to assist you through the process.