Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • jjlothin
    • By jjlothin 12th Aug 18, 4:47 PM
    • 162Posts
    • 10Thanks
    jjlothin
    Validity of will?
    • #1
    • 12th Aug 18, 4:47 PM
    Validity of will? 12th Aug 18 at 4:47 PM
    I had a new will drawn up a few years ago by a local firm of solicitors and, as I'm about to have a major op, I thought I'd better update it/make a few changes that have become relevant.

    The solicitors in question would charge me 350 - essentially, for a new will!

    Does anyone know if there's any reason (apart from not contributing to solicitors' coffers!) why I shouldn't just copy the text from the original will and amend beneficiaries as appropriate?
Page 1
    • Alter ego
    • By Alter ego 12th Aug 18, 4:49 PM
    • 2,498 Posts
    • 2,467 Thanks
    Alter ego
    • #2
    • 12th Aug 18, 4:49 PM
    • #2
    • 12th Aug 18, 4:49 PM
    so long as it is properly dated and witnessed it should be OK. I would also have the earlier one destroyed as well.
    Loose means not tight, Lose means something is lost, simples no?
    Ignore me if you like, it's not the real me anyway.
    • Ms Chocaholic
    • By Ms Chocaholic 12th Aug 18, 4:51 PM
    • 9,770 Posts
    • 59,134 Thanks
    Ms Chocaholic
    • #3
    • 12th Aug 18, 4:51 PM
    • #3
    • 12th Aug 18, 4:51 PM
    What are you wanting to change? If it's simple changes then yes go ahead.
    Thrifty Till 50 Then Spend Till The End

    You can please some of the people some of the time, all of the people some of the time, some of the people all of the time but you can never please all of the people all of the time
    • jjlothin
    • By jjlothin 12th Aug 18, 4:55 PM
    • 162 Posts
    • 10 Thanks
    jjlothin
    • #4
    • 12th Aug 18, 4:55 PM
    • #4
    • 12th Aug 18, 4:55 PM
    What are you wanting to change? If it's simple changes then yes go ahead.
    Originally posted by Ms Chocaholic

    Just some names/amounts of beneficiaries - the main structure remains the same.
    • SeniorSam
    • By SeniorSam 12th Aug 18, 5:26 PM
    • 1,184 Posts
    • 605 Thanks
    SeniorSam
    • #5
    • 12th Aug 18, 5:26 PM
    • #5
    • 12th Aug 18, 5:26 PM
    You can change the existing Will by adding a codicil and having your signature on it witnessed. I would have thought that your solicitor could do this for s nominal cost as a new Will is hardly necessary. Why not ask him?

    Sam
    I'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, so my comments are just meant to be helpful.
    • Yorkshireman99
    • By Yorkshireman99 12th Aug 18, 7:24 PM
    • 4,781 Posts
    • 4,000 Thanks
    Yorkshireman99
    • #6
    • 12th Aug 18, 7:24 PM
    • #6
    • 12th Aug 18, 7:24 PM
    To be sure get it redone. The price is double a reasonable fee.
    • Savvy_Sue
    • By Savvy_Sue 12th Aug 18, 7:47 PM
    • 39,252 Posts
    • 36,217 Thanks
    Savvy_Sue
    • #7
    • 12th Aug 18, 7:47 PM
    • #7
    • 12th Aug 18, 7:47 PM
    To be sure get it redone. The price is double a reasonable fee.
    Originally posted by Yorkshireman99
    So it would be worth phoning round a few other solicitors, but I agree, I'd get it re-done.
    Still knitting!
    Completed: 1 adult cardigan, 3 baby jumpers, 3 shawls, 1 sweat band, 3 pairs baby bootees,
    1 Wise Man Knitivity figure + 1 sheep, 2 pairs socks, 2 hats, 2 balaclavas for seamen, 1 balaclava for myself, multiple poppies, 3 peony flowers, 4 butterflies ...
    Current projects: ready to decrease / decreasing on all parts of the mohair cardigan pattern! but moved onto wrist warmers for friends at Christmas ...
    • Tom99
    • By Tom99 13th Aug 18, 12:33 AM
    • 3,115 Posts
    • 2,172 Thanks
    Tom99
    • #8
    • 13th Aug 18, 12:33 AM
    • #8
    • 13th Aug 18, 12:33 AM
    If the old one is valid with beneficiary A B & C then an updated copy with beneficiary D E & F is also going to be valid, so just copy the last one and save some money.
    Provided of course no beneficiaries are children or trusts involved, then it may get more complicated.
    • CakeCrusader
    • By CakeCrusader 13th Aug 18, 1:18 AM
    • 653 Posts
    • 374 Thanks
    CakeCrusader
    • #9
    • 13th Aug 18, 1:18 AM
    • #9
    • 13th Aug 18, 1:18 AM
    Macmillan's offering free wills at the moment if this helps.



    You have to be really careful if you do decide to make amendments and write a new will, if your terminology's off it will invalidate it and the previous will be used. You also need to write a paragraph at the top saying that all previous wills are revoked (this also has to be witnessed and signed). If it's a complicated will you are better off spending the 350 and getting it done properly.
    • jjlothin
    • By jjlothin 13th Aug 18, 8:30 AM
    • 162 Posts
    • 10 Thanks
    jjlothin
    Macmillan's offering free wills at the moment if this helps.



    You have to be really careful if you do decide to make amendments and write a new will, if your terminology's off it will invalidate it and the previous will be used. You also need to write a paragraph at the top saying that all previous wills are revoked (this also has to be witnessed and signed). If it's a complicated will you are better off spending the 350 and getting it done properly.
    Originally posted by CakeCrusader

    Many thanks for the Macmillans alert. As it's a cancer op and I've been involved with Macmillan nurses already, that sounds like it could be the best way to go.
    • Brynsam
    • By Brynsam 13th Aug 18, 9:50 AM
    • 1,740 Posts
    • 1,278 Thanks
    Brynsam
    So it would be worth phoning round a few other solicitors, but I agree, I'd get it re-done.
    Originally posted by Savvy_Sue
    350 is pretty reasonable - the solicitors won't just be doing a quick bit of word processing, they will (or should) be checking that all is as it should be, including any possible changes necessitated by changes in the law/tax regs etc since your will was last made.
    • Yorkshireman99
    • By Yorkshireman99 13th Aug 18, 10:08 AM
    • 4,781 Posts
    • 4,000 Thanks
    Yorkshireman99
    350 is NOT reasonable for a single straightforward will. 250 absolute max including. VAT.
    • CakeCrusader
    • By CakeCrusader 13th Aug 18, 10:52 AM
    • 653 Posts
    • 374 Thanks
    CakeCrusader
    Many thanks for the Macmillans alert. As it's a cancer op and I've been involved with Macmillan nurses already, that sounds like it could be the best way to go.
    Originally posted by jjlothin

    I'm sorry to read this! There's more information here; https://www.macmillan.org.uk/donate/gifts-in-wills/free-wills-month.html
    • jjlothin
    • By jjlothin 13th Aug 18, 4:19 PM
    • 162 Posts
    • 10 Thanks
    jjlothin
    Thank you, CakeCrusader . And as it happens I went to that page as soon as I read your first message!
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,087Posts Today

7,534Users online

Martin's Twitter