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Reasonable but watertight wills - options pls

Hi there - firstly apologies if in the wrong section

My partner and I are now looking at amending our existing wills - such that we are named as benficiaries on each others.

Can someone wise out there give advice please?

We've been in touch with the providers of our original wills and they are asking for close to £150 for amendment each.

Are there more reasonable providers and trustworthy providers out there please?

Also would our original wills simply be expunged if we wrote new ones?

Thanks as always for reading and sensible advice.

Comments

  • NAR
    NAR Posts: 4,863 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Must say it does sound a little expensive, as even though it is a rewrite, you appear to be simplifying them.
    No suggestions for alternative will writer, but can confirm that new wills will replace old ones, if properly witnessed etc.
  • CannySaver_2
    CannySaver_2 Posts: 482 Forumite
    Hi

    You are essentially looking to write new wills, and as I understand it the first line or so of a new will always contains a clause to say that the new will superceeds the old will.

    As for making a new one you essentially have three choices:

    1. DIY
    2. Using a will writer
    3. Using a solicitor

    Personally I would always use a Solicitor as they represent the only option which is regulated if mistakes occur. I'd suggest that £150 each is a small price to pay for piece of mind that that your estate will be distributed as per your wishes on your death.

    The Canny Saver
    Always looking for a good deal on my savings, generally risk averse, but always interested in new ideas and new ways of doing things.
  • SeniorSam
    SeniorSam Posts: 1,674 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You could get blank Wills from W.H.Smiths, use the wording of the old Wills, but with the changes you wish to make made in the new ones. Plenty of information in the Will packs is given, but this is not as secure as instructing a solicitor. Your choice.

    Sam
    I'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.
  • warwicktiger
    warwicktiger Posts: 1,106 Forumite
    My (simple) will cost me £90+vat from a local solicitor, making yours look pricey
  • Goldenyears
    Goldenyears Posts: 326 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Our solicitor charged a quite reasonable I thought £140 incl VAT for revision of two existing mirror wills in 2010 (however they were originally drafted by him, which may have made a difference).
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Have a look at Will Aid, I think they do it free if you leave a donation in the will, see also Age Concern
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • veryintrigued
    veryintrigued Posts: 3,843 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Ladies and gentlemen - thank you very much for your repsonses so far.

    They are really appreciated and moreover very constructive.

    We do appreciate it
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    Depends what you mean by water-tight. I got a will written by a solicitor which I thought was WT until I met another solicitor who pointed out that it was written with an ambiguous clause in it.

    £150 does seem dear for a simple will but a cheaper option might not be drafted as well. Either way your beneficiary has someone to sue.
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
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