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The Pitfalls of Homemade Wills

On March 9, 2015

The Pitfalls of Homemade Wills

Writing a Will is one of the most important considerations you have to make as an adult.

Professional vs. Homemade

While it’s relatively easy to write your own Will by picking up a cheap DIY kit, it’s important to remember that a Will is a critical legal document and drawing one up without legal advice can be fraught with risk and uncertainty.

Here are just a few reasons why drafting your own Will might be a bad idea:

Disadvantages

  • The slightest error in wording or misuse of legal jargon can lead to disputes, or even cause a Will to be invalid.
  • While you might think your Will is clear, if there are any uncertainties or disputes later on, you will not be there to clarify.
  • Homemade Wills are much more likely to be challenged as fraud or forgery.
  • Without an independent party such to prove the validity of the Will, it will usually come down to one word against another.
  • It’s less likely that you will review and update your Will periodically without the advice of a solicitor. Minor lifestyle changes are easy to overlook but could make a huge difference when it comes to your Will.

Advantages

A homemade Will may do the job when you don’t own any property or have any beneficiaries under the age of 18, but it is unlikely that your circumstance will ever be this simple.

Many of us no longer live in a ‘traditional’ family unit, and blended families are becoming more of the norm. In these types of cases, there really is no substitute for professional legal advice and doing it yourself could prove to be a false economy.

Advantages of using a professional service

Using a qualified and knowledgeable service will ensure that your wishes are respected and your savings, assets and investments fall into the right hands.

Making a Will doesn’t have to be a long, complicated, or costly process, and at Peter Robinson & Co.we will make it as straightforward and cost effective as possible for you. Whether you need help writing your Will or just guidance with the wider decisions to help protect your Estate and Beneficiaries, we can help.

Get in touch today.

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