The Risks of DIY Wills: Why our Wills Solicitors in Lancaster Support Professional Preparation of Wills
Posted on 9th November 2023
When it comes to safeguarding your estate for your loved ones, a valid Will is paramount. Many people attempt to cut corners by drafting a home made Will, but this approach can be loaded with pitfalls. Here's why seeking the expertise of Wills Solicitors in Lancaster is crucial.
Contact our Solicitors in Lancaster to discuss Wills
Legal Complexity and Validity
The law surrounding Wills is intricate. Wills Solicitors in Lancaster possess the appropriate knowledge to ensure that your Will is legally valid. Homemade Wills often fail to comply with the necessary legal formalities, which can lead to a Will being deemed invalid. Without the correct signing procedures, complying with section 9 of the Wills Act 1837, your final wishes may not be honoured.
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Ambiguity and Errors
Precision is key in a Will. Vague language or simple clerical errors can drastically alter the distribution of your estate. Wills Solicitors in Lancaster are meticulous in drafting Wills that clearly articulate your intentions, reducing the chances of misinterpretation or disputes among beneficiaries.
Complex Family Dynamics
In today's World, family structures can be complex. Blended families, previous marriages, and estranged relatives can complicate your Will, and could lead to a claim against your estate, if you don’t receive the correct legal advice. A professional Wills Solicitor in Lancaster can navigate these complexities, ensuring that your Will reflects your wishes for all your beneficiaries.
Updating Your Will
Life changes such as marriage, divorce, or the birth of a child can necessitate updates to your Will. Wills Solicitors in Lancaster can help you make the necessary amendments properly. Homemade wills are often neglected, failing to reflect current circumstances, which can cause significant issues for those left behind.
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Tax Implications
Inheritance tax can be a significant burden on your estate. Wills Solicitors in Lancaster can advise on Inheritance Tax planning to minimise the tax liabilities your estate may face, maximising the inheritance your loved ones receive.
Conclusion
While the allure of a homemade Will can be strong, especially with the promise of saving on costs, the dangers are too significant to overlook. By engaging with Wills Solicitors in Lancaster, you ensure that your Will is robust, clear, and tailored to your unique situation. Remember, peace of mind for you and your loved ones is invaluable, and professional legal guidance is the cornerstone of securing that tranquility.
Our Wills Solicitors in Lancaster’s charges start from £175.00 plus VAT, for simple Wills, or £325.00 plus VAT for simple mirror Wills. Contact us, below.
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Tagged as: Solicitors in Lancaster, Wills
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