A Will is a legal document that determines how you want your money, property and possessions to be distributed after your death. It can also help you to minimise the amount of Inheritance Tax paid by your beneficiaries. But despite the fact that there are many online Will-writing services, not all of them are created equal. Some may not be fully qualified and others might not offer the same level of service or expertise as a qualified solicitor. As such, it’s important to choose an expert will writer that will ensure your wishes are documented in a legally binding way.
There are many benefits to choosing a professional Will Writer, including the fact that they are highly trained in drafting legal documents and are qualified to advise on the various aspects of estate planning. They are able to answer any questions you have and provide you with valuable advice that will ensure your Will is robust and effective. This will avoid any potential problems and disputes after your death, which could cause distress for your loved ones.
In addition to their training and experience, professional Will writers are also bound by the Code of Practice and have a PS2 million minimum Professional Indemnity insurance cover. This means that should something go wrong with your Will, you have a greater chance of compensation than if you used a DIY kit or an unregulated company.
If you choose to make your Will with a qualified Will writing specialist, they will ask you about your assets and how you would like these to be distributed after your death (including charities, specific gifts, trusts etc.). They will also discuss your choice of executors – the people responsible for carrying out the instructions in your Will. They will also advise on how to deal with any issues that might impact the future inheritance of your beneficiaries, for example if any of them have financial problems, are likely to die before you or are experiencing mental health issues.
Professional Will Writers specialise in drafting and advising on Wills and expert will writers Estate Planning and focus their attention solely on this area of law. They are able to keep up with the latest changes in the law and have the knowledge required to guide their clients on how these new laws might impact their Wills.
Using a professional Will writing service is an investment in peace of mind, especially when you consider how much family friction has been caused by poorly written Wills. A Will that is not drafted correctly could lead to expensive legal action and potentially deprive your loved ones of a significant sum of money that you had intended them to receive. By choosing an expert Will writer you can make sure that your Will is valid and enforceable, giving your loved ones the best possible chance of receiving what you had planned for them. Whether you’re thinking of making your own Will or looking for a professional Will writer, it is essential to use a member of the Society of Will Writers. This is the largest self-regulatory body of Will writers in the UK and anyone who claims to be a member has passed rigorous exams and must have proof of their competence.