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OT. Writing a Will
asl - 23/8/09 at 07:20 AM

Howdo all. With baby no2 on the way I'm thinking it's time I got round to writing a will.

Now, I know absolutely nothing on this subject so thought I'd start my research with the diverse amount of knowledge on this site.

Is it easy enough to write one myself or should I go to get it professionally done? How much does it cost (Need to do one for me and one for the misses)

Anyone on here specialise in wills?

Morbid but necessary (But hopefully not immediately necessary!!!)

Cheers and enjoy the sunshine!


rgrs - 23/8/09 at 07:34 AM

We were in the same position as you recently and i asked my solicitors to draft wills for both myself and the wife. Total cost was about £350 but his enable us specify what happend to our children if anything was to happen to both of us.

Although you can use a diy kit you would then have to arrange for secure storage of the wills, where as you use a solicitors they will normally provide secure storage for free.

Roger


jonesier1 - 23/8/09 at 08:15 AM

its a mine field,my mate has just been through it and if its not set out and worded right all sorts of s**t can happen,kids go into care even if they have next of kin and scroungers come out of the woodwork also your estate can be frozen so no one can get at it.Do it with someone who knows the subject is my advise


geoffxt - 23/8/09 at 08:19 AM

Hi Guys,
Don't mess about trying to create your own Wills. It can later prove very costly to your family. Try this web site. Very informative and its members are knowledgable and helpful (I am one!) and if you enquire, there is bound to be one in your vicinity. Go for it, enquire!
www.ipw.org.uk
Regards,
geoffxt


BenB - 23/8/09 at 10:26 AM

False economy to write your own, you'll save a few hundred quid but the potential ramifications are huge. Some of the DIY kits have a proven failure rate!!! Just write a basic scheme of what you want to go where, fax it to solicitor and ask for some quotes (easier when they can see whether it's a complicated job or not). Job's a good'un.

Wouldn't it be scary if "write your will" was the last chapter of "the book"


geoffxt - 23/8/09 at 12:46 PM

I should perhaps have more fully explained when I suggested contacting www.ipw.org.uk. This is the Institute of Professional Willwriters and its membership comprises of qualified (by examination), insured and competent willwriters some of whom are solicitors, accountants and other professional practitioners who will visit you in your own home to listen to you and give you advice in these matters. The Institute if contacted will give you details of their members practicing in the area where you live. Costs you nothing to ask!
Regards,
geoffxt