The danger of homemade Wills
- AuthorAMY CODD
Creating a Will is an essential way of making sure your assets are distributed according to your final wishes, however many people fail to prepare one for fear of the cost. This results in some people being drawn to cheap DIY Will drafting kits, which are available on the high street and online.
Although many can see the appeal of the price, there is a very real danger that if the Will is not prepared properly, in the correct legal manner they may fail and furthermore if the Will is not signed in accordance to the lawful requirements the Will may become invalid. Should this happen then your assets would pass by way of the Intestacy law, which may be completely different to the deceased original intention. This can lead to problems for families trying to sort out a loved ones estate after their death. For most people who draw up a Will they have two intentions, to ensure their assets are passed to those they intend but also to minimise the stress to those loved ones left behind. A simple mistake can cause months of legal wrangling which may result in the estate being reduced by legal costs.
With family dynamics changing, a homemade Will can also cause issues should the intention be to leave someone out of a Will. A simple mistake can result in the Will being ineffective and therefore that person may benefit from the estate. There are steps that can be taken to document your reasoning behind any such decision and guidance offered on the best course of action.
To ensure your Will is effective, legally binding and meets your individual needs it is money well spent to get a legal professional to draw your Will up following a detailed face to face appointment.