The Pitfalls of DIY Wills
For many people making a Will is the last thing they want to spend their hard earned money on. This is reflected in the fact that more than 60 per cent of the UK population do not have a Will. The importance of a Will should not be underestimated though and perhaps this is why there have been a rise in the use of ‘Do-it-Yourself’ Wills.
Whilst a DIY Will can indeed save you money, there are some very real concerns that you should be aware of before you decide to entrust your family’s future to a DIY Will.
Firstly, a Will has a function. Its function is two-fold. First, it ensures that when you die your wishes are carried out as per the instructions detailed in your Will. Second, it is designed to to protect your family and the loved ones you leave behind.
Without a Will, the laws of intestacy apply and these laws could leave your spouse without access to your full estate or if you are not married and have been cohabiting, with the very real possibility of being homeless and financially ruined as a Will only recognises people who are blood relatives or a spouse or civil partner.
This situation won’t happen to you though will it? After all, you are making a DIY Will and therefore everything will be fine won’t it?
No one can give you those guarantees when it comes to a DIY Will. There are a number of different elements to a Will and those are what make it valid. If there is one small error made on your Will, this may render it invalid. Your estate will then be divided by the laws of intestacy as if you had never even made a Will.
The only way you can be certain that your wishes will be carried out as per your Will and your family are protected is by getting your Will drafted by a specialist solicitor.
This information provided in this article is not intended to constitute legal advice and each relationship breakdown requires careful consideration in our view by a fully qualified Solicitors before decisions are made and before you embark on a certain course of action.
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