Free and Cheap Wills discussion area

Options
1568101157

Comments

  • AndrewSmith
    AndrewSmith Posts: 2,871 Forumite
    Options
    andi1872 wrote: »
    Hi guys,

    I keep seeing cheap will writing services in the newspaper for £49 and wondered how i can know if they can be trusted?

    Im 39 and was recently diagnosed with a terminal illness. My partner and i are not married so as it stands he won't be looked after come the time so i pretty much just want to leave everything to him with the exception of my part time business which i want to leave to my business partner (non official).

    If you want the estate and your wishes covered correctly then it will not be covered properly for £49.

    You must seek proper advice especially given that you are unmarried and you are looking to leave a share of a business.
  • TiaBaby
    TiaBaby Posts: 77 Forumite
    First Anniversary Combo Breaker
    Options
    Myself and DH have a child together (young teenager). He has 2 children from a previous conviction but they are now adults in their own right and haven't been in touch for over 10 years, until recently. I am suspicious of the motives and would like to update my will as a safeguard to my childs' inheritence. They obviously have their mothers estate to look forward to as well as a stake in their fathers!

    Is there any way I can (if it is that I 'go' first) protect my portion of our estate for my child alone?
  • AndrewSmith
    AndrewSmith Posts: 2,871 Forumite
    Options
    TiaBaby wrote: »
    Myself and DH have a child together (young teenager). He has 2 children from a previous conviction but they are now adults in their own right and haven't been in touch for over 10 years, until recently. I am suspicious of the motives and would like to update my will as a safeguard to my childs' inheritence. They obviously have their mothers estate to look forward to as well as a stake in their fathers!

    Is there any way I can (if it is that I 'go' first) protect my portion of our estate for my child alone?

    Yes it can be done and very simply. It depends on whether your estate consists of a property as then you will need to ensure that the property is owned in a specific way, with your wills being written to reflect the correct treatment of the property on your death but yes it is very possible to do it. It's difficult to be precise though without knowing all the relevent facts.

    Andrew
  • Mary_Hartnell
    Mary_Hartnell Posts: 874 Forumite
    edited 8 December 2011 at 4:47PM
    Options
    How old is your kid?

    What you (and/or your partner) leave to the kid will have to be administered by a trustee, until the age of 18 [and in my personal opinion until the age of 25 but "socialist" Gordon Brown messed about with age old laws, taxing "the trust" if it holds money for "orphans" after they are 18]

    Get a good book out of the library, written within the last few years and then read mark and learn it before going to see a will writer of any sort.
  • vegasvisitor
    vegasvisitor Posts: 2,295 Forumite
    First Anniversary First Post Combo Breaker
    Options
    This probably sounds like a silly question. We are in Scotland by the way.

    My husband and I need to write wills at some point, however we've not been in any hurry as we're 36/37 and no kids. We do know we should do it though.

    It has been mentioned (by another relative) that we need to have a plan for if something happens to both of us (while we are on holiday was mentnioned ha ha), but being serious I guess we are going to each have wills saying we are leaving everything to the other, then if they are no longer alive then to xxxx. etc. Am I right in saying that, it would be a will each, with each other first, then a second person which would cover the fact if we are both then dead?

    Now the difficult part is working out the scenario for if we are both dead, as we have no children, and as we aren't planning on going anywhere anytime soon....so the beneficiaries in that sense is very likely to change over the years. Would we both be putting the same thing exactly?? It would probably be a bit wrong to put something different, should probably be something we both agree on I guess?
  • TiaBaby
    TiaBaby Posts: 77 Forumite
    First Anniversary Combo Breaker
    Options
    Hi AndrewSmith, thanks for the reply. DD is 13 years and there will be property (no mortgage outstanding) to be considered which is joint ownership at the moment.

    Thanks Mary, I'll have to do a little research.
  • Savvy_Sue
    Savvy_Sue Posts: 46,105 Forumite
    Name Dropper First Post First Anniversary
    Options
    lesley74 wrote: »
    Now the difficult part is working out the scenario for if we are both dead, as we have no children, and as we aren't planning on going anywhere anytime soon....so the beneficiaries in that sense is very likely to change over the years. Would we both be putting the same thing exactly?? It would probably be a bit wrong to put something different, should probably be something we both agree on I guess?
    I'm guessing that in Scotland as in England, the presumption if you both die together is that the eldest died first (you should check this).

    If I'm right, then if your wills say "I leave everything to my wife / husband Freda / Fred, and is s/he dies before me then I'd like it to go the cat's home / dog's home" what actually happens is that the older person's half passes to the younger person, and then the whole lot goes to the cat's or dog's home, depending on who is assumed to have survived longest.

    In that situation, then agreeing on whether the cats or the dogs inherit is probably something you should aim to agree on, although the chances of both of you dying together are actually not that large, are they? I mean, unless you like nothing better than hang-gliding together, for example ...

    You might find that looking up the intestacy laws for Scotland helps, you'll get an idea of what happens if you DON'T make a will, and that might encourage you to get on with it, or give you ideas of cousins / nieces and nephews you could be generous to.

    Then if things change (eg you have children), you re-write your wills!
    Signature removed for peace of mind
  • BASBAL
    BASBAL Posts: 11 Forumite
    Options
    Please, please everyone make a will. One of my parents didn't and as a result (too complicated to go in to here) all of the family estate, worth over 7 figures has gone out of the family. Nothing we can do cos it is the law of intestacy. So do it. I would hate others to go through the grief and angst that I have had to suffer.
  • trishiem68
    Options
    My mom has been diagnosed with dementia and I've been told to get her affairs in order sooner rather than later but my mom hasn't done a will. Can anyone tell me whether I can do a will online with her or do I actually have to get a solicitor involved as I'm struggling to know what to do for the best
  • Mojisola
    Mojisola Posts: 35,559 Forumite
    Name Dropper First Post First Anniversary
    Options
    BAS/BAL wrote: »
    Please, please everyone make a will. One of my parents didn't and as a result (too complicated to go in to here) all of the family estate, worth over 7 figures has gone out of the family. Nothing we can do cos it is the law of intestacy. So do it. I would hate others to go through the grief and angst that I have had to suffer.

    There's something wrong here. The laws of intestacy allow only blood relations to inherit. How could the estate go out of the family?
Meet your Ambassadors

Categories

  • All Categories
  • 343.7K Banking & Borrowing
  • 250.2K Reduce Debt & Boost Income
  • 449.9K Spending & Discounts
  • 235.8K Work, Benefits & Business
  • 608.8K Mortgages, Homes & Bills
  • 173.3K Life & Family
  • 248.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards