{"id":2370,"date":"2022-05-23T08:47:32","date_gmt":"2022-05-23T08:47:32","guid":{"rendered":"https:\/\/family-matters.co.uk\/?p=2370"},"modified":"2022-05-23T08:47:32","modified_gmt":"2022-05-23T08:47:32","slug":"can-i-write-my-own-will","status":"publish","type":"post","link":"https:\/\/family-matters.co.uk\/uncategorized\/can-i-write-my-own-will\/","title":{"rendered":"Can I Write My Own Will?"},"content":{"rendered":"

Most of us are aware that it is essential to have <\/span>a Will<\/span><\/a> in place and that it is not <\/span>alway<\/span><\/i>s the best idea to write it yourself. But when and why is writing your own will, without any professional help, such a bad idea? Read on and learn more about wills and other estate planning solutions.<\/span><\/p>\n

Putting all your wishes together in one place seems relatively straightforward. For as long as people have valued their possessions, we have been making plans for what happens to what we own once we pass. In fact, laws governing inheritance are some of our oldest. But these days, dying without a Will in place, means your estate is governed by the Rules of Intestacy. <\/span><\/p>\n

T<\/span>hese rules set an order of precedence which determine who is entitled to what and who is allowed to administer the Estate (the executor). <\/span>So if you are to have any control over who inherits what, or want to leave money or gifts to anyone outside of your immediate family, or even if you just want to reduce your <\/span>inheritance tax<\/span><\/a> bill, then you\u2019ll need Will.<\/span><\/p>\n

So why do only 60% of us have Wills? Maybe because a lot of people think the current laws are sufficient, or that they have nothing of value to leave. But the truth: is the vast majority of people need a Will to avoid any legal and personal complications when they pass on. So let\u2019s take a look at the ins and outs of home made wills and when they are and are not sufficient.<\/span><\/p>\n

Can I Write My Own Will?<\/b><\/h3>\n

This is one of the most common questions we get asked and yes, it is perfectly ok to write a will yourself. That is not to say it is the best idea. <\/span>If you wish to make a will by yourself, you can do so but you should only consider doing this if it is going to be straightforward. <\/span>For example, if you are married or in a civil partnership and have only children from within the pairing, and you want to leave everything to the surviving parent (or jointly between the children should they be adults and both parents die together), this could prove fairly straightforward.\u00a0<\/span><\/p>\n

Still, there are particular ways in which things must be written and witnessed to make sure the Will is legally valid. Also, inheritance and tax laws could change after you write a Will meaning it is important to seek professional advice to make sure you avoid any pitfalls.<\/span><\/p>\n

Estate Planning Solutions<\/b><\/h3>\n

If you are considering <\/b>Estate Planning<\/b><\/a> Solutions and wish to enquire about our <\/b>Will writing <\/b><\/a>solicitors, our advisors are here to offer free advice. <\/b>Contact us today<\/b><\/a> for a no obligation consultation.<\/b><\/p>\n

When Should I Use a solicitor To Write A Will?<\/strong><\/h3>\n

We advise that you should consider using a solicitor if:<\/span><\/p>\n