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Having researched extensively into the various options for producing low cost wills, we have teamed up with the UK's leading provider of online legal documents, TenMinuteWill, to offer you the cheapest way to get your own professionally prepared will in just ten minutes for as little as £33.95.
Why Use This Service:
- Wills start from just £33.95.
- All you have to do is follow a simple multiple choice questionnaire.
- After your will is issued, it will be reviewed within two days by a professional will writer to ensure there are no errors.
- Optional free checking service after signatures, to ensure the documents have been properly signed and witnessed.
- Your will is assured as a fully legal document with clauses that have many years of legal precedence.
- Unlimited free re-writes at any time.
- Free after sales service and advice if you have any questions.
- The organisation is regulated by the Society of Willwriters and carries £2.5million of professional indemnity insurance.
How It Works
The real advantage of this service over others is that it is very quick and simple, without overlooking your specific requirements. There are no complicated forms and you do not pay for anything until after you have seen the document you will be paying for. After being guided in five simple steps through a multiple choice questionnaire, you will have your own tailor made legally binding will and testament.
The process could not be simpler. You just work through the questions and enter the information requested, check the summary at the end of the process then make your payment and download your documents. You will be given very clear and simple instructions on how to sign and witness the will to ensure it is fully legal. The finished document will be every bit as valid and accurate as if it was prepared by a solicitor, but you will have saved a lot of money.
Just follow this link to the TenMinuteWill website and click on ‘Start Here’
General Advice On Making A Will
Making a will really does not have to be a chore. Nor does it need to be expensive or take up much of your time. Given the many advantages of having a valid will in place, there really is no reason not to take this simple precaution. Despite this fact, about 70 percent of us die without having a proper will in place, often leaving arguments and uncertainty among grieving relatives.
There are many good reasons for making your wishes clear through a simple will. Not least of these is that you decide how your assets are distributed among relatives and friends. There are laws that govern these things in the absence of a will, so that is what will dictate who gets what if you do not spell it out yourself. This point is particularly relevant if you are not married or in a civil partnership. This may be a common issue for people in same sex relationships, but it applies to anyone. Your partner will not automatically inherit from you, so if you want them to inherit it needs to be included in a will. Failure to put a will in place can lead to serious financial hardship and distress for the surviving partner.
If you have children, there is clearly a need to specify plans for the children in the event that one or both parents should die. Another very practical reason is that it may be possible to reduce how much inheritance tax is paid by taking certain steps in the will. Another area where people frequently run into problems is where circumstances change after a will is made. Failure to update a will, or create a new one, can lead to problems in situations where, for example, you have separated from one partner and one of both of you are now in other relationships.
Do I Have To Use A Solicitor?
There is no requirement that your will has to be created or even witnessed by a solicitor and you can make a perfectly legal and effective will on your own. However, it is easy to miss things or not be aware of the basic things that are essential to make the will valid. An error or omission in a will can lead to disputes and costly wrangles following your death, so there are certain basic factors that must be considered when creating any will.
Having said that, you can still ensure you address all the above concerns without actually paying a solicitor for costly advice. Provided your will is relatively straightforward, there are standard templates you can use to address most situations, which can then just be tailored to your precise circumstances.
What Should A Will Include?
The main things that any will should cover include the following:
- Details of all possessions and property that you own, including savings, pensions, insurances, shares and other bank accounts.
- Details of who you wish to benefit from the will, or your beneficiaries. This is a list of all the people that you will leave things to, but can also include charities, etc.
- Instructions for who should look after any children under the age of 18.
- Naming the person or people who will put your plans into place. These are the executors of your will and they must ensure your wishes are carried out.
What Makes A Will Valid?
There are certain things that must be in place in order for a will to be valid and to be legally sound. The main requirements are as follows:
- The person making the will must be at least 18 years of age.
- The will must be made of your own free will, without any pressure from others, and you must be of sound mind and fully aware of the details of the document, including the property being allocated the identity of the beneficiaries.
- It has to be put in writing and signed by the person making the will, with two other witnesses present while it is signed.
- Two witnesses must also sign it, in the presence of the person whose will it is.
When the will is signed and witnesses as above it is then valid. A date is not essential, but it is sensible to add the date on which it is signed too.
Choosing Your Executors
Your executors are very important as they are the people who will be responsible for ensuring that your wishes are carried out. Their role will be to gather the assets of the estate, settle any outstanding debts, including funeral costs and any other related expenses. They then need to make the appropriate payments to beneficiaries and deal with any transfer of property.
In general it is a good idea to have more than one executor. Two is most common, but it can be more. The usual people chosen are of course relatives or close friends, but can also be solicitors, accountants or even banks. In the absence of anyone else who can act as executor, the duty will fall to the Public Trustee or Official Solicitor in England and Wales.
It is a responsible job so you should choose people who are up to the amount of work involved, and able to deal with the responsibility and organisation required. It is sensible to check with anyone you are thinking of appointing to ensure they are happy to do it.
