The Importance of Will Writing
Martin Lewis emphasises the importance of having a legally binding will. Without a will, assets may be distributed by the intestacy laws of the United Kingdom, which may not reflect the decedent’s wishes.
Writing a choice ensures that personal possessions, money, and property are distributed as intended, giving loved ones peace of mind and security.
The capacity of mind and mental capacity is crucial when drafting a will. The person composing the will must be able to comprehend the consequences of their choices.
If there are concerns about mental capacity, it is advisable to consult a lawyer who can provide guidance and ensure that the will is valid under the law.
Free Will Writing Services
Numerous organisations, including Age UK and Guide Dogs, offer complimentary will-writing services to their donors. The National Free Wills Network also connects individuals with attorneys who provide free-will writing services.
These organisations frequently request donations or legacies, but this is not required. During the twice-yearly Free Wills Month, individuals over 55 can have a simple will be drafted for free by a participating attorney.
Co-op Legal Services are another option for those searching for a cost-effective will-writing service. They provide will-writing services for a fixed fee, including discounts for couples creating duplicate wills and individuals with a civil partnership.
The Solicitors Regulation Authority regulates these services, assuring exceptional service.
DIY Wills and Simple Wills
For those with uncomplicated estates, simple or do-it-yourself wills may be viable. These wills are available for purchase at stationery stores or completion via an online form.
However, it is essential to note that not all intentions created using these methods are legally binding. Martin Lewis cautions against using do-it-yourself wills, as mistakes can lead to disputes and additional expenses.
On the other hand, wills drafted by an attorney offer a higher level of assurance. The Law Society and the Solicitors Regulation Authority regulate solicitors in the United Kingdom, ensuring that solicitor-drafted will adhere to the legal requirements.
Wills drafted by an attorney are especially advantageous for individuals with complex estates or those who need guidance on issues such as inheritance tax or durable power of attorney.
The Varying Costs of Will Writing Services
Depending on the provider and the complexity of the estate, the cost of will-writing services can vary widely.
According to research, the range of solicitors’ fees for straightforward wills is between £144 and £240, while more complex choices can cost upwards of £600. It is necessary to compare prices and services to find the best deal that meets your requirements.
Numerous charitable organisations provide complimentary will-writing services in exchange for a donation or bequest in the will. This is an excellent option for those who wish to support a specific charity while receiving professional will writing services.
However, it is essential to remember that not all wills are suitable for these services and that more complex estates may necessitate the assistance of a specialist.