The truth is you can get a Will written online for about £10.00 – £15.00, but ask yourself these quick questions;
- Do you think it’s going to be robust enough?
- Is it going to provide you with peace of mind that it covers everything?
If the answer to either of these question or even both of these questions is ‘probably not’ then it’s absolutely worth exploring have a Will written professionally.
However, if the answer to the above questions is ‘probably yes’ then getting an online Will is probably right for you.
But, if you want to know from our extensive experience about why we recommend using a professional Will writing company that doesn’t offer an online service, keep reading.
- – Writing a will and power of attorney average cost.
- – Writing a will and power of attorney difference between.
- – Cost of a Lasting Power of Attorney.
- – Writing a will checklist.
- – What is probate and how does it work?.
- – What is a will and how does it work?.
We update all our guides regularly. If you are looking for additional info on Wills and Lasting Power of Attorneys and we haven’t got an exact guide that helps you, keep coming back as we update daily.
Why Wills Are So Important?
You have worked hard all your life, you have purchased a house, you have a few investments you might even have property overseas.
Or on the flip side, you might want somebody to inherit your dog.
It doesn’t matter what level your estate is sitting at; everybody has something important that they want to leave to somebody important.
Now, what would you rather?
Would you rather the government decide on who your estate is allocated too?
Would you prefer you are responsible for allocating who your estate is assigned too?
Over half (60%) of UK adults don’t have a will, according to research from Unbiased.co.uk. This is an all-time high, passing the previous peak in 2011. Over 31 million now run the risk of dying intestate and having their estate distributed solely according to intestacy law.
For most people, the second option is the preferred option. If you don’t get a Will, the government will take responsibility for your estate and allocate as they deem fit.
This is called ‘Rules of Intestacy‘.
‘Rules of Intestacy’ essentially means the government will look at your estate, will discuss with people who want to receive a proportion of your estate, usually family and friends. Then the government will make a judgement on who receives what.
Sounds horrible, doesn’t it!
We wrote a long and detailed article called ‘What’s the difference between a Will and LPA (lasting power of attorney) you can read it by clicking here. Within this piece, we discuss ‘Rules of Intestacy’ in more detail and have some interesting and relevant links.
All of this can be avoided.
By making a Will you are responsible for saying who receives what from your estate, it doesn’t matter the size, you are in control, not the pesky government.
So, there we go, the short and simple answer to ‘Why are Wills so important’.
Quick Wills FAQs
You have worked hard all your life, you have purchased a house, you have a few investments you might even have property overseas. By putting a Will in place you are in control of what happens to your estate.
The cost of a LPA can vary between £400 – £1000 depending on the type of LPA and what is involved based on personal circumstances.
A Lasting Power of Attorney (LPA) is a legal document that people sign granting another person the legal right to make decisions on their behalf.
Making a Will is a good idea so you can understand and be in control of what happens to your estate.
How Can Money Savings Advice Help You With a Will?
Here at Money Savings Advice, we have partnered with one of the UK’s leading Will-writing companies, and they are members of The Society of Will Writers, and they have already helped thousands of our readers get the right Will in place.
Choosing an independent adviser means they won’t recommend a scheme unless they are sure it is in your best interests. Their advice is also regulated by the FCA, which gives you an additional layer of protection.
If you would like to speak to them, click on the button below, answer the very straight forward questions.