DIY Will advice needed.

thor

I've been pondering about writing a will myself but after googling it appears the main consensus is that it is risky thing to do unless the situation is straight forward.

I intend to leave my house to one beneficiary and everything else(possessions and money) to another. Would this be simple enough to draw up a diy will?
I get that the wording has to be precise but I'm sure there will be plenty of uk templates floating around online that I could adapt for my purposes.
Thoughts?

Socajam

thor wrote: »

I've been pondering about writing a will myself but after googling it appears the main consensus is that it is risky thing to do unless the situation is straight forward.

I intend to leave my house to one beneficiary and everything else(possessions and money) to another. Would this be simple enough to draw up a diy will?
I get that the wording has to be precise but I'm sure there will be plenty of uk templates floating around online that I could adapt for my purposes.
Thoughts?

Get yourself a subscription to Which Magazine and use their Will service, you can do everything yourself and they will look through it for your you. I believe the cost is less than 200 pounds.
I started mine, but need to spend time completing it.

The subscription is 10 pounds or so a month, then cancel once you completed the Will

Robin9

There is potential for error -

what if you say "I leave 20 Acacia Venue" to friend A but if at the time of your death you have sold it and are living in care home?

or friend A has died

or you've married

or .............

Use a solicitor.

Keep_pedalling

Very bad idea, both the DIY bit, and leaving a property to one beneficiary and the rest to a residual beneficiary.

With such a will there is a big risk that the beneficiary left the house would get nothing. If for example you needed residential care for dementia, you would not be able to make a new will and the house could well be sold by the time you die.

As a property owner you should not DIY, make an appointment with a solisitor Monday morning, dieting intestate is also a very bad idea.

Socajam

Keep_pedalling wrote: »

Very bad idea, both the DIY bit, and leaving a property to one beneficiary and the rest to a residual beneficiary.

With such a will there is a big risk that the beneficiary left the house would get nothing. If for example you needed residential care for dementia, you would not be able to make a new will and the house could well be sold by the time you die.

As a property owner you should not DIY, make an appointment with a solisitor Monday morning, dieting intestate is also a very bad idea.

Which have solicitors who check over the Will for you
You start the Will leave it a few days and return to complete when it suits you

pattycake

Socajam wrote: »

Get yourself a subscription to Which Magazine and use their Will service, you can do everything yourself and they will look through it for your you. I believe the cost is less than 200 pounds.
I started mine, but need to spend time completing it.

The subscription is 10 pounds or so a month, then cancel once you completed the Will

A simple will done properly by a solicitor should cost less than £200. Why go through such a rigmarole when you can get one to one correct advice directly from someone qualified to give such advice.

Socajam

pattycake wrote: »

A simple will done properly by a solicitor should cost less than £200. Why go through such a rigmarole when you can get one to one correct advice directly from someone qualified to give such advice.

I would not have given my opinion if I had not used the service.
At the end of the day it does not matter to me, a question was asked and I mentioned that I was using Which

pattycake

Socajam wrote: »

I would not have given my opinion if I had not used the service.
At the end of the day it does not matter to me, a question was asked and I mentioned that I was using Which

That’s fine but you also say you hadn’t completed the process yet. Sadly, you will not know whether the Will has been drawn up correctly as you will be deceased. Your beneficiaries will be the ones left to sort it out! See a solicitor and get it done properly.

Keep_pedalling

Socajam wrote: »

Which have solicitors who check over the Will for you
You start the Will leave it a few days and return to complete when it suits you

The advavantage of sorting out a will face to face is that beyond making sure the will is drafted correctly and valid, they will go though all the what if scenarios that you probably have not thought of.

SevenOfNine

Socajam wrote: »

Get yourself a subscription to Which Magazine and use their Will service, you can do everything yourself and they will look through it for your you. I believe the cost is less than 200 pounds.
I started mine, but need to spend time completing it.

The subscription is 10 pounds or so a month, then cancel once you completed the Will

You're paying Which more than you'd pay a solicitor! You'd have nothing to 'complete', the solicitor does everything for you & after you've checked the draft they supervise the signing & provide the witnesses from their pool of staff.

Useful advice with the costing though (most likely totalling £200 + approx. £30 for 3 months subscription), so OP will have a benchmark. Ours, with a solicitor, cost about £150 each, last year.

As for the "DiY template" OP, with a property & funds I'd say it's a false economy. See a solicitor.

Magnolia

Keep_pedalling wrote: »

The advavantage of sorting out a will face to face is that beyond making sure the will is drafted correctly and valid, they will go though all the what if scenarios that you probably have not thought of.

Its the scenarios that are the best advice. Lots of things you would never think of.