Storing your will options in
Many people become very confused about what a will actually is. Basically, a will is a legal document that allows you to allocate money, property and possessions to individuals, groups or chosen organisations once you have died. A will really is the most important piece of legal documentation that you will sign.
Below we explore some of the options that are available for safety storing your will.
Principal Probate Registry
The Registry of London can securely store your will for the fixed fee of £20. You are required to fill in a simple form with your personal details, that includes the name of your executor. Once stored, you are given a certificate of deposit.
This will need to be kept in a safe place as your executor will need it in order to retrieve your will. You can send your will via post, but you need to request a special secure envelope from them, which is free of charge.
Store in your home
You are allowed to store your will in your own home , but you need to think carefully about this option and decide if it is the best choice for you. Keeping your will at home will not protect it from fire and floods that may occur.
Your will is also more likely to be lost or stolen from your home. However, if you do decide to keep your will in your home, then you need to choose a safe keeping place and ensure that your executor knows where to find it.
A document storage company
There are now so many companies advertising that they can store legal documents, including wills, that you need to do a little bit of homework and make sure that they are the right company for you. You should check how they intend to store your will , and if they are insured for any damage or theft that may happen.
Do they keep documents in fireproof storage boxes? You also need to find out how your executor can obtain your will once you die. It is also important that you clarify the cost for the service, and if any rolling annual payments are needed.