When it comes to estate planning, creating a will is one of the most important steps you can take. A properly drafted will can ensure that your wishes regarding the distribution of your property and the guardianship of children are carried out after you have passed away. However, drafting a will can be confusing, and simple mistakes can render it invalid. To avoid any problems, you should consult a will writing solicitor near me to help you draft a valid document.
You can find many will-writing services online, which offer a range of payment structures and features. Most of these services provide a set of forms that you can fill out, which will be reviewed by a lawyer to ensure they meet all the legal requirements for a valid will. Other services offer a more hands-on approach to the process, with an attorney assisting you in person or over the phone. The cost of these services can vary significantly depending on the company and the level of service you desire.
Choosing an in-person wills solicitor is a good option if you have a complex situation or substantial assets. In addition to ensuring that your will is drafted correctly, a solicitor can also advise you on how to best transfer those assets to your beneficiaries. They can also assist you in avoiding taxes, such as inheritance tax, and can explain any special considerations for particular situations, such as living wills or medical power of attorneys.
When choosing a solicitor, you should consider whether they are registered with the Law Society and what protections they offer. For example, Giles Wilson clients can rest assured that their will is stored in a secure vault, protected against moisture, fire and theft. This is a level of security that most online services cannot match, and it is an additional layer of reassurance that your will will not be lost or misplaced.
You may be tempted to save money by using an online service, but this can come with significant risks. Some of these companies are unregulated and are not subject to the same high standards as a reputable law firm. Additionally, a number of these services charge to store your documents, and their storage facilities are typically not as secure as those offered by a solicitor.
Once you have created your will, be sure to store it somewhere safe and let somebody else know where to find it. It is a good idea to revisit and update it when you experience a major life change, such as moving (especially to another country where the laws on wills differ), purchasing or selling a home, getting married or divorced, having children or grandchildren, or experiencing health issues. It is also a good idea to make it a habit to review your will once a year to ensure that it remains up-to-date.