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Making a will

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  • SamsReturn
    SamsReturn Posts: 2,489 Forumite
    Going online, diy wills are pretty easy to do, but for anything that isn't straight forward, you're best getting a professional. A simple will isn't going to cost a lot. The best advice i think is to go to your favourite charity and get one drawn up next time it's 'wills week'
    Example only.
    https://www.co-oplegalservices.co.uk/media-centre/articles-sep-dec-2017/remember-a-charity-week/
  • Unless you have a very simple cash only estate, then get a local solicitor to do it. A Willis one of the most important thins you do in life and is not something you should penny pinch on.
  • Browntoa
    Browntoa Posts: 49,602 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Look at fees , some will writers (not a solicitor) charge extremely high fees to execute the estate after death , don't get pressured to sign up straight away but to go off and compare fees with a real local solicitor .

    We charge a flat rate % fee sounds good but work out what that would actually cost from your estimated estate value .
    Ex forum ambassador

    Long term forum member
  • Biggles
    Biggles Posts: 8,209 Forumite
    1,000 Posts Combo Breaker
    Browntoa wrote: »
    Look at fees , some will writers (not a solicitor) charge extremely high fees to execute the estate after death , don't get pressured to sign up straight away but to go off and compare fees with a real local solicitor.
    Nominating the executor(s) is a very important point, not always covered by impartial advice and rarely covered impartially by will writers or solicitors, who would like you to nominate them.

    Safest way is to nominate family members or beneficiaries. If the estate is too complex, they can decide at that time whether to employ a professional executor (not necessarily a solicitor) or not.
  • Pollycat
    Pollycat Posts: 35,745 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Savvy Shopper!
    A bit late but.....
    https://freewillsmonth.org.uk/
  • no1catman
    no1catman Posts: 2,973 Forumite
    Part of the Furniture 1,000 Posts I've been Money Tipped!
    My understanding, is that where a property is held 'jointly' then the survivor can just have it reassigned to one sole name - whether named (for clarity) on a will, or no will!?
    I used to work for Tesco - now retired - speciality Clubcard
  • Mojisola
    Mojisola Posts: 35,571 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    no1catman wrote: »
    My understanding, is that where a property is held 'jointly' then the survivor can just have it reassigned to one sole name - whether named (for clarity) on a will, or no will!?

    "Joint tenants" both own all the property - when one dies, the other still owns all the property. All that's needed is a name change on the deeds.

    "Tenants in common" own separate percentages of the property and each can leave their share to someone other than the fellow owner (if that's what they want).
  • no1catman
    no1catman Posts: 2,973 Forumite
    Part of the Furniture 1,000 Posts I've been Money Tipped!
    Secondly, can a beneficiary e.g. Mother, as a result of 'no will' revoke it in favour, of someone more appropriate?
    I used to work for Tesco - now retired - speciality Clubcard
  • Mojisola
    Mojisola Posts: 35,571 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    no1catman wrote: »
    Secondly, can a beneficiary e.g. Mother, as a result of 'no will' revoke it in favour, of someone more appropriate?

    Yes - whether there is a will or not, adult beneficiaries can make a deed of variation and pass their inheritance (or part of it) over to someone else.
  • no1catman
    no1catman Posts: 2,973 Forumite
    Part of the Furniture 1,000 Posts I've been Money Tipped!
    Interesting, but where can 'Deed of Variations' be obtained, and do they need to be witnessed?
    I used to work for Tesco - now retired - speciality Clubcard
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