Solicitors love DIY and Online Wills...
This is where solicitors can really make money!
ONLINE WILLS
If you were asked to put an approximate value on your estate in
order to estimate any Inheritance Tax (IHT)
liability, would you know what to include and what could be discounted?
If you put the wrong figures on an internet questionnaire, it could
make a total nonsense of the resulting Will.
However, if your estate is not subject to IHT, you can complete
a simple Will on our site
in around 10 minutes - click here
for more information.
DIY KITS
Available in bookshops can also cause problems. When attempting
to make the wording fit the framework of the form, making errors
is easy. Any drafting mistake can cause misinterpretation and even
void the Will. It often takes a court, and solicitors, to sort it
out. Expenses are taken from the estate.
Example
"I leave everything to my wife and on her death it is to be
shared between my sons"
Good intentions. The testator wishes to leave everything to his
wife who would then, in turn, leave it to the sons. However, this
clause would mean that the estate by-passed the wife in favour of
the sons. The wife would merely be holding the estate in trust for
her sons.
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