changing a will 3 September 2014 at 11:06AM in Over 50s Money Saving 17 replies 3.4K views

Mojisola

chucknorris wrote: »

That's outrageous we don't have one of these solicitor provided free wills, but if we did, are you saying that they would want to take take approx. £440k? Surely they would have to disclose this.

You don't have to appoint the solicitors to be your executors.

Errata

FreddieM wrote: »

There is no such thing as a free will, when you go to a solicitor, he/she will take their 8% + as executors. Oooops they don't tell you that bit ;-)

For goodness sake, they 'don't tell you that bit' because it isn't true!

whitewing

We had our wills done through Will Aid and didn't appoint the solicitors as executors.

FreddieM

Errata wrote: »

For goodness sake, they 'don't tell you that bit' because it isn't true!

I beg to differ, as Executors they charge their own fees, something that is never disclosed your right.

Errata

FreddieM wrote: »

I beg to differ, as Executors they charge their own fees, something that is never disclosed your right.

Solicitors who draw up a will don't automatcially become executors.

FreddieM

Errata wrote: »

Solicitors who draw up a will don't automatcially become executors.

That is correct but they highly recommend themselves and because they are "solicitors" people are readily hoodwinked.

Mrs_pbradley936

I have only ever known seriously wealthy people to have professionals (solicitors or someone at the bank) acting as executors. Everyone else seems to use family or friends. My sister-in-law wanted me to be her executor but I declined because we are similar age wise and I would likely be dead or dotty when she dies.