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Thursday, 13th Aug 2020

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DOES YOUR WILL ACCURATELY REFLECT YOUR WISHES?

A recent survey has highlighted a lack of awareness of the importance of Wills and a misconception that all “Will Writers” are regulated.

If you are thinking of having a Will or updating your current Will these are the questions you need answered before going ahead:

  • Is the firm regulated?  Unlike Solicitors many “Will Writers” are not subject to compulsory regulation.
  • Can they provide related advice, about Inheritance Tax, Care Home fees, Trusts or Lasting Powers of Attorney?
  • Do they charge extra for secure storage or retrieval?
  • What qualifications and experience do they have?
  • Do they have mandatory professional indemnity insurance?

The financial cost of getting a Will wrong could be significant, not to mention the upset and disappointment suffered by loved ones.  The defect may not come to light until after your death – too late for you to rectify!

Even a simple Will is easy to get wrong if the person preparing it has not been legally trained.

Anyone can write a Will regardless of training or expertise.  Make sure you choose a competent, regulated adviser to write yours.

For advice on your Will please contact Penny Smith at Belcher Frost Solicitors.

Posted on Thu, February 21 2019