Have existing will(15 years old).Need to amend the share % between 4 siblings....can I....

Emmia

Bill85 said:

I perhaps did not make myself clear.But I did welcome all feedback.Thank you.
The property and my main estate is the house I live in.Has been for over 25 years...A will was drafted 15 years ago leaving all to my two sons and two grandchildren. In equal shares.I now want to slightly alter the amount of shares due to circumstances.All parties are happy with it. No one will be dis inherited. Same names in the will.They still even live at the same addresses.Same executer.
As to re writing a new will... Had I died last week the old will would have been good enough and valid.I cant see in this particular instance a brand new will would be any more legal than the one it replaces.....Which is why I am considering having it carefully typed up with the small changes made myself. Any other issues yes of course I would get an updated will. 
I come from an engineering background and could never expect a client to pay for a new unit when a small correction was enough. As indeed with most other industries......well maybe not banks,insurance etc.

I think the issue is really that legally, making a change to a will needs a new will, it's not the same as deciding a building needs bigger windows which can probably be added without demolishing the existing building.

Bill85

It does indeed cover the above possibilities and eventualities. This will was written by  a local company of repute (partners now all retired).Who provided me with a sound,safe and bombproof... if you like, will.I have compared it to others recently  and see no reason to alter it in any way.

Keep_pedalling

Bill85 said:

I perhaps did not make myself clear.But I did welcome all feedback.Thank you.
The property and my main estate is the house I live in.Has been for over 25 years...A will was drafted 15 years ago leaving all to my two sons and two grandchildren. In equal shares.I now want to slightly alter the amount of shares due to circumstances.All parties are happy with it. No one will be dis inherited. Same names in the will.They still even live at the same addresses.Same executer.
As to re writing a new will... Had I died last week the old will would have been good enough and valid.I cant see in this particular instance a brand new will would be any more legal than the one it replaces.....Which is why I am considering having it carefully typed up with the small changes made myself. Any other issues yes of course I would get an updated will. 
I come from an engineering background and could never expect a client to pay for a new unit when a small correction was enough. As indeed with most other industries......well maybe not banks,insurance etc.

I may be interpreting your words incorrectly but I can see a couple of reasons why your will needs more than a minor change. You have two adult sons but for some reason you have appointed someone else as executor. I would want to change that especially if your appointed executor is nearer your age than theirs.

Your GC may now also be adults so any clauses relating to trusts for minors may be obsolete. 

Bill85

  Son   is named as my executor.My grandchildren are adult,one with children....yes I am that old! and my old will takes into account any event their parents procede them.
Looks like there is nobody on here that gets my point about an  existing will being bullet proof. I have recieved advice from elsewhere.
Thanks to all for responding

kipsterno1

Would a codicil be appropriate for this situation?

Sea_Shell

Bill85 said:

  Son   is named as my executor.My grandchildren are adult,one with children....yes I am that old! and my old will takes into account any event their parents procede them.
Looks like there is nobody on here that gets my point about an  existing will being bullet proof. I have recieved advice from elsewhere.
Thanks to all for responding

I get it!!  

If you already have a comprehensive solicitor written will, that still meets all your requirements, and ALL you want to change are the percentages of your estate to the same beneficiaries.

Then I can't see how CAREFULLY, retyping that document, word for word and JUST changing the %, can cause any issues (that weren't already there).

Get it witness properly and destroy the old will.

Keep_pedalling

Bill85 said:

  Son   is named as my executor.My grandchildren are adult,one with children....yes I am that old! and my old will takes into account any event their parents procede them.
Looks like there is nobody on here that gets my point about an  existing will being bullet proof. I have recieved advice from elsewhere.
Thanks to all for responding

No one who has not read your will knows that it is bulletproof, and I doubt the advice you got from the guy down the pub is either. 

On the basis that you have decided to have a single executor when you have the option to have at least two does not give me the confidence that you really know what you are doing.

Are you also putting plans in place to cover the possibility that accident or illness could leave you unable to manage your own affairs? If you don’t have LPAs in place that should be on your urgent to do list. You don’t need a solicitor to make those.

Bill85

The original solicitor who drew up the original will declared it sound,there is no expiry date,nothing has changed.There are in fact three nominated executors,two in reserve. 
What kind of remark was that about getting my information down the pub!...Not helpful from someone with 10,000 posts.

silvercar

I. Think you are fine to re type. It would be worth letting the new solicitors know that the will they hold has been replaced. 

Keep_pedalling

Bill85 said:

The original solicitor who drew up the original will declared it sound,there is no expiry date,nothing has changed.There are in fact three nominated executors,two in reserve. 
What kind of remark was that about getting my information down the pub!...Not helpful from someone with 10,000 posts.

Sorry if my quip offended, but it is difficult to provide helpful comments when information is drip fed like you have done in this thread.