You might have noticed advertisements for free Will writing or offers for a ‘’free Will pack’’ when you are browsing the internet. Perhaps you even clicked on the ads and thought that it was a great deal.
Will and financial arrangements are complex, unique to each situation and require careful planning. Sadly, dealing with a Will on the cheap or free can become a huge issue in the future.
With the recent increase of these ads, we would like to go through the potential dangers of such free and hasty services:
- A properly drafted Will is vital, and there are legal formalities needed for a Will to be valid. If a Will is incorrectly drafted, your estate could be held for years in litigation before being distributed. If a Will is incorrectly drafted, your chosen beneficiaries may not benefit from your estate.
- Testamentary capacity should be determined before making a Will. Experienced solicitors are used to dealing with these issues and make contemporaneous notes in this regard. If capacity is challenged from a “homemade” Will or a Will where the writer has never met the testator, the Will could be challenged as invalid on grounds of capacity.
- Firms of Solicitors are regulated by the Solicitors Regulation Authority (SRA) whilst most Will-writing companies are unregulated.
- If your Will is stored with a solicitor and the firm goes out of business, either a successor practice or the SRA will take control of the client’s Will and documents. If Will-writing companies go into administration, there is a risk that the original Wills and documents will be left unaccounted for.
- It is a legal requirement that solicitors have insurance in place which covers client losses. However, Will-writing companies are not obliged to have the same level of cover if any at all.
- Lastly, solicitors have undergone years of training and are qualified to give advice tailored to your individual needs and circumstances.
We offer free no-obligation appointments; you have nothing to lose in discussing your circumstances and needs with us. Let us advise you, and you can decide if you would like to proceed.