Online Wills - Learn More Pros and Cons
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Online Wills what you need to know
Making a will is one of the most important things that you can do. Without leaving a last will and testament, families can suffer from added complications and expense as the estate goes through the courts’ time-consuming intestacy procedures.
Making a will is the one sure way of guaranteeing that your last wishes will be carried out and that those who you wish to benefit from your assets are certain to do so.
With the law surrounding tax and Probate ever changing, it is more important than ever to care for the future of your family. Making a Will alongside a firm of experienced Solicitors is vital when planning what will happen to your estate after death. It is the best way to ensure your house and other personal assets are left to those appointed by you and that your Will is complying to the law. An experienced firm of Solicitors can give you the most up to date advice the law and Probate.
Overview And Experience
Whilst it may be tempting to choose to make your Will online, there are a number of drawbacks. You could be leaving yourself open to legal administrative errors, easily avoidable by using Solicitors who will know what the law currently requires. Using trusted Solicitors is the only way to know you are getting the latest knowledge about the law and current legislation. It is also hard to tell whether or not an online Will complies to the law and if it really is a true reflection of your wishes. Speaking to Solicitors cannot be contested in the same way. The law is complex and a Will should only be made with the assistance of a Solicitor.
Solicitors have the experience and knowledge of the law to guide you through the ever changing legislation. Making a Will may seem like a time consuming process but it needn’t have to be. Although it requires planning, an experienced Family Solicitors and their team can make the road to Probate a smooth one. Their attorneys are experts in the law and legal stipulations. This can have a huge impact on what is left in the pockets of the people you care about most. Making a Will online without an attorney or Solicitors may mean you fall foul of inheritance tax thresholds. This can easily see a large portion of your house and estate being handed over after Probate by law. Check our Blogs!
A firm of Solicitors is there to protect your personal interests. Clients who choose to make their Will online are forfeiting the opportunity to utilise the knowledge and advice of an experienced attorney. Making a Will online may actually end up being a false economy, as many Solicitors are now finding that an online Will does not always meet the requirements necessary for Probate in court.
Taking a moment to obtain legal expertise from Solicitors who offer unparalleled experience in family law will save you time and money and prevent further problems down the road. A team of Solicitors whose goal it is to guide you through the complicated law and probate process is something just not available online.
Whether in person or over the phone, taking the time to speak to a trusted Solicitors firm is the only real way to know your Will is legally sound and compliant with the law.
Deciding what happens to your assets when you are gone is a process that requires a lot of thought, preparation and planning – after all you are making decisions that can have a major impact upon your loved ones when you die.
Although there is a trend in modern times for increasing numbers of people to make online wills, this is not a course of action to be recommended.
It is a fact that these days, more wills are being contested than ever before as the rise in property values means that it is now worth the expense of engaging a solicitor when there is a chance of benefiting from valuable assets.
Solicitors are more commonly using a range of arguments to prove that the person who signed the will either failed to understand the document, did not supply the relevant information or did not even sign the will itself.
When you visit a solicitor to draw up a will, as well as the resulting legal document there is also substantial amounts of information and evidence left on your case file.
This means that anyone contesting your will would find it difficult to persuade the court that the document was not your true intention. Online wills are open to interpretation and may, therefore, be inadvertently drawn up incorrectly.
Some questions can be difficult to understand fully – for example you may underestimate the value of your estate or struggle to answer queries about your children in complex family situations where stepchildren or fostered children may be a consideration. It is for these reasons that a discussion ought to take place with a qualified professional before drawing up a will, and only then can you rest assured that all of your needs are being met and any inheritance tax will be limited.
An online will is not
An online will is entirely inappropriate in a number of circumstances.
If, for example, there is someone that you specifically wish to exclude from your will, you run the risk of having your will contested without professional help.
If you own property in another country, have your own business or have children from several relationships, you should also seek a solicitor’s assistance.
Others who should talk to a lawyer include those who are unmarried with a valuable estate and who wish to minimise inheritance tax and those who are concerned about what may happen to their estate if a partner remarries or has to receive full-time care.