Disadvantages of Using a Will Writing Service

Making a will is the best way to ensure that your wishes are carried out after you pass away. This includes appointing executors, deciding what to leave and ensuring your assets are distributed according to your wishes. It is also important to update it regularly, as your circumstances can change over time.

There are a number of ways you can make a will, including using an online service, visiting a solicitor or writing it yourself. The cheapest option is to write it yourself, but this is only really suitable for very simple estates (for example leaving everything to the survivor or your children in equal shares). The most expensive option is to use a solicitor, who will usually charge between PS500 and PS600.

Online will writing services offer a cheaper alternative, allowing you to draft your will in the comfort of your own home and at your own pace. These services are often regulated by recognised trade bodies, which offers some protection but you should always check that they follow a code of practice. If you opt for an online service, choose one that has at least PS2million of professional indemnity cover, in case something goes wrong.

A reputable will writing service uk should be available to answer any questions or concerns you may have. Many of them have telephone helplines or allow you to speak to a specialist before you start the process. They should also be able to store your will for free.

Using a reputable will writing service can offer peace of mind, especially if you have complex assets or family situations. It can also reduce the risk of the will being contested in court. However, there are some disadvantages to using a will writing service:

Errors: a simple mistake can invalidate your Will, and services that do not involve a solicitor are more likely to have these errors. In addition, it can be difficult to assess a person’s mental capacity, so the use of a will writing service can increase the risk of someone challenging your Will on grounds of mental incapacity.

Another issue is the cost of a will writing service. Some companies advertise their services at a fraction of the price of a solicitor, but this can be risky. You should choose a company that is regulated by a trade body or has a Solicitors Regulation Authority registration, and ask them for a full breakdown of costs.

A solicitor will cost more, but they can give you the most peace of mind – particularly if your estate is complex or you have children from previous relationships. They can also provide advice on issues such as inheritance tax, which can have a significant impact on the value of your estate. They can also help you to take steps to avoid potential disputes, such as a dispute over a child’s guardian or a claim from an unmarried partner. They can also help you to deal with the complexities of overseas property, trusts and business ownership.