Self-produced Will packages may seem cheap and a straightforward method for creating a Will but the lack of professional advice readily available to guide you through the process often leads to a mistake which even though small, could invalidate the document rendering it useless.
Common Problems
The biggest problem with creating a Will by yourself is that if you unknowingly make a mistake in the formalities for a properly drafted Will, you may never become aware of the error. Such mistakes often occur around things like signatories, witnesses, beneficiaries and tax, whilst more complex issues that can lead to possible claims against your estate are often overlooked. If you are planning on creating a Will yourself, obtaining professional legal advice beforehand is invaluable. We can make sure you understand what to include and what you should avoid.
Peace of Mind
The main appeal of a homemade Will is that they are relatively low cost. The short term saving in comparison to a professionally drafted document is dwarfed by the potential for loss if for whatever reason the Will is later found to be invalid. At the very least we encourage anybody who is thinking about their options to get an opinion from a professional who can make a fair evaluation of their situation and offer honest advice.
Disclaimer: The information provided on this blog is for general informational purposes only and is accurate as of the date of publication. It should not be construed as legal advice. Laws and regulations may change and the content may not reflect the most current legal developments. We recommend consulting with a qualified solicitor for specific legal guidance tailored to your situation.
Written by Kathryn Thornewill TEP
Associate Partner, Wills Trusts and Estate Planning at Franklins Solicitors LLP
Specialises in estate administration, Wills, Lasting Powers of Attorney, Court of Protection and inheritance tax planning. Kathryn is STEP-qualified and delivers tailored, client-focused advice.
