The Law Commission reported that around 40% of people do not have wills.
Due to changing patterns in family life such as partners cohabiting or having second families, making a will is becoming ever more important. Unfortunately, even when a will is made problems can arise if it is not drafted carefully.
Many people believe a DIY will, will be cheap, however if it is incorrectly drafted, the cost to a person’s estate can far outweigh the initial cost had they gone to a professional.
Problems may arise as a result of mistakes in the drafting of the will, the meaning of the will being unclear, or issues with the execution of the will.
The Co-operative Legal Services (CLS) have been reported to suggest that ‘poorly drafted or ineffective DIY wills are to blame for a prolonged probate ordeal for 38,000 families a year’. This risks leaving a legacy of financial and emotional strain plus potentially higher legal and tax bills.
Even when consulting a professional, be aware that anyone can be a ‘will writer’ without needing legal qualification or regulation. However, solicitors are regulated by the Solicitors Regulation Authority and must have indemnity insurance, which means that if anything goes wrong, you are protected.
Making a will with a solicitor needn’t be expensive. Our usual cost for making a single will is £250 plus VAT or £350 plus VAT for joint wills.