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Writing a Will
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evosy1978 said:Marvel1 said:They go over 18, have children of their own and pass before you, what then?
Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1 -
evosy1978 said:Marvel1 said:They go over 18, have children of their own and pass before you, what then?
The chances are a low that this might happen but the consequences of it happening are major, which is why the regulars on here always recommend a will drafted by a solicitor. In your situation your beneficiaries would be safer with no will in place than a poorly drawn up one.2 -
Keep_pedalling said:evosy1978 said:Marvel1 said:They go over 18, have children of their own and pass before you, what then?
The chances are a low that this might happen but the consequences of it happening are major, which is why the regulars on here always recommend a will drafted by a solicitor. In your situation your beneficiaries would be safer with no will in place than a poorly drawn up one.
https://www.gov.uk/inherits-someone-dies-without-will
Whilst I would definitely not recommend relying on intestacy, the rules are clear, "free of charge" (this is a money saving site) and don't put your bereaved loved ones in the position of potentially having to spend a fair bit of money to unpick your will, which isn't likely to be properly valid.
Reliance on intestacy does however risk the government getting your estate if your beneficiaries predecease you - with a will you could nominate a charity to receive it, if everyone has died.
Have you appointed executors? Are they content to administer this will?
The problem with wills, is they can be drafted at leisure, only to be used in anger after the drafter has died... when they are no longer around to explain what they meant by one or more of the provisions.
You haven't for example made the basic mistake of putting the address of any property you're leaving the will, have you? If the property is sold and the will not updated the beneficiary intended to get the property would get nothing.
Please, please go and see a solicitor to get probably the most important document you'll ever want/need drafted, and save your bereaved loved ones a mountain of angst and stress at a time they won't want it.0 -
OP you know you can get a simple will written by a solicitor for free? Lots of charities offer this option. I didn't pay anything for my will, just £28 for identity checks and so it's all legal and correct. Two people in the solicitor's office witness for you. One of my friends who didn't know about this went direct to a solicitor and hers cost her nearly £500!
The charities work on you feeling guilty and leaving them something - I did, why not? - but it's not a condition, you can have the free will and leave them nothing0 -
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FlorayG said:OP you know you can get a simple will written by a solicitor for free? Lots of charities offer this option. I didn't pay anything for my will, just £28 for identity checks and so it's all legal and correct. Two people in the solicitor's office witness for you. One of my friends who didn't know about this went direct to a solicitor and hers cost her nearly £500!
The charities work on you feeling guilty and leaving them something - I did, why not? - but it's not a condition, you can have the free will and leave them nothingMortgage free
Vocational freedom has arrived0 -
sheslookinhot said:FlorayG said:OP you know you can get a simple will written by a solicitor for free? Lots of charities offer this option. I didn't pay anything for my will, just £28 for identity checks and so it's all legal and correct. Two people in the solicitor's office witness for you. One of my friends who didn't know about this went direct to a solicitor and hers cost her nearly £500!
The charities work on you feeling guilty and leaving them something - I did, why not? - but it's not a condition, you can have the free will and leave them nothing0 -
sheslookinhot said:FlorayG said:OP you know you can get a simple will written by a solicitor for free? Lots of charities offer this option. I didn't pay anything for my will, just £28 for identity checks and so it's all legal and correct. Two people in the solicitor's office witness for you. One of my friends who didn't know about this went direct to a solicitor and hers cost her nearly £500!
The charities work on you feeling guilty and leaving them something - I did, why not? - but it's not a condition, you can have the free will and leave them nothing
I'm just pointing out that it's not a requirement1 -
p00hsticks said:
I believe it's not uncommon that when a spouse passes at a ripe old age, the mental capacity of the survivor can deteriorate quite quickly. And even if not, there will be so many other things to think about, that revising a will may just slip down and down the agenda.Signature removed for peace of mind0
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