The Week had an article on How to Make a Will. I read it with some trepidation. Would it be a stab at solicitors?
Actually, what it says is, you can:
- Write it yourself – quickest and cheapest and if you have got it right it will be binding. “DIY wills are only appropriate if your circumstances are very straight forward”
- Hire a Will writer – “this is cheaper than using a solicitor, but few will writers have legal qualifications and, unlike solicitors, they aren’t regulated and there is limited comeback. They can be appropriate for “simple wills” – but research the firms carefully”
- Consult a solicitor – “the safest way to ensure your wishes are carried out is to consult a solicitor. Expect to be charged £150 to £600 for a basic will; the price will go up with the complexity of your requirements. As well as helping with tax issues, solicitors can assist in the establishment of discretionary trusts”
It was a relief to see we got off well.
I would just add that for most people the price of making a will is tiny in comparison to its importance.