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I need to make a Will - where to start?
fran-o
Posts: 807 Forumite
Hi there
This is my first new thread - hope its not in the wrong place, I'm just after some advice about will making.
My partner and I bought a place together last year and need to make wills - its been on the to-do list too long! It should be pretty simple as we don't have kids or complicated lives and there are no big debts (nor sadly big savings!) to worry about, just the mortgage.
Are the DIY Will kits from WHSmiths any good? Is it necessary to se a solicitor or is there a cheaper alternative?
Hope you can give me some advice! thanks, Fran
This is my first new thread - hope its not in the wrong place, I'm just after some advice about will making.
My partner and I bought a place together last year and need to make wills - its been on the to-do list too long! It should be pretty simple as we don't have kids or complicated lives and there are no big debts (nor sadly big savings!) to worry about, just the mortgage.
Are the DIY Will kits from WHSmiths any good? Is it necessary to se a solicitor or is there a cheaper alternative?
Hope you can give me some advice! thanks, Fran
fran-o
0
Comments
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DIY/online is a real no-no - though the lawyers might like you after they've taken a chunk of your estate for trying to sort things out after you've died.
A reasonable starting point is to visit the Institute of Professional Willwriters at www.ipw.org.uk and contact a couple of members in your area.[FONT="]Public wealth warning![/FONT][FONT="] It's not compulsory for solicitors or Willwriters to pass an exam in writing Wills - probably the most important thing you’ll ever sign.[/FONT]
[FONT="]Membership of the Institute of Professional Willwriters is acquired by passing an entrance exam and complying with an OFT endorsed code of practice, and I declare myself a member.[/FONT]0 -
Are you a member of a trades union? Sometimes they offer a free will writing service, mine certainly does - I've used it!"...IT'S FRUITY!"0
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thanks for your help! - will avoid the DIY route and look at the ipw website.fran-o0
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Could someone please resolve a query for me.
Specific gifts and legacies come first in the will and then the residue is dealt with. Then comes the ' rider' regarding " if X pre-deceases in 28 days etc", then XYZ should happen.
In this event, Are the originally stated gifts still valid or do they have to be repeated. My understanding was that the original gifts are left intact and it is only the residue that is affected by this clause?
thank you0
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