Saturday, January 28, 2006

TenMinuteWill.co.uk (update)

In addition to being (probably) the best Online Will writing website in the UK, 10MinuteWill.co.uk have recently added two new features to their menu:-

  • Enduring Power of Attorney
  • A Document binding Service

These are OPTIONAL extras and the basic cost of a fully legal and printable Will is still only £29.95.

You can see their full price list here

Monday, January 09, 2006

Making a Will Online

Firstly it is simply not necessary to incur the costs involved with using a solicitor to Make a Will!
Then again making a will entirely yourself is NOT to be recommended either! If you are tempted to use DIY Will forms, PLEASE think again!. The whole point of Making a Will is to ensure your estate goes to the people you want it to go to. One small mistake could jeopardise that wish. If you make a DIY Will or use one of the many available DIY Will "forms" you may save a few quid at outset but the cost to your beneficiaries or estate could be huge.

So why Make your Will Online - well, two reasons.

1. Fast - but avoid those who do NOT let you print the Will immediately.
2. Cheap - but you get what you pay for. If you pay less than £25 for a single will the chances are that it is "lacking" in some area. Perhaps it isn't full checked or they may charge you for future changes. ask yourself WHY its so cheap!?

There is only one Online Will Website I would actually suggest - Tenminutewill.co.uk

Why?

* Costs £29.99 for a Single Will
* Can be printed off in minutes
* Is fully legally checked
* There is NO charge for future changes to the Will. Do it now!

You can find out more about Tenminutewill.co.uk here

When should I make a will?

When should I make a Will?

Well the quick answer is, now! Basically it is never too soon.

Making a Will is particularly important if you are anticipating marriage or a civil Wpartnership, having a child, getting divorced or remarried. Also, buying a property or having assets or investments that you would like to decide in advance who gets what.

In England and Wales, your will becomes invalid when you become married or enter into a civil partnership, unless the Will clearly stated that it was written in anticipation of you marrying or entering into a civil partnership with a named person. You can make a will immediately online by clicking here, www.tenminutewill.co.uk This is certainly the best online will making site. If you would like to obtain a free booklet on making a will click Will Drafters.

If you become divorced then your former spouse or civil partner, if included in your Will, would be treated as having died before. Therefore, if your previous Will said that everything was to go to your spouse but if he/she died before you then everything was to go to your children. Now you are divorced, your former spouse will be ignored (treated as having predeceased you) and, in this example, everything will go to your children.

Every five years you should review your Will. Changes that should trigger a review of your Will include any changes in your financial, marital or emotional circumstances. Your family and friendships can change and your Will ought to reflect these changes.

You can either draw up a new Will or add clauses to your existing Will through a codicil. Drawing up a new Will is more advisable and may be no more expensive. If you draw up a new Will you will need to destroy the old one so as to avoid confusion in the future.

With Will Drafters, should you choose the more comprehensive WillPlus service then any future changes to your Will are completely free of charge. And each time a totally new Will is written for you. This thereby avoids the need for a separate and sometimes contentious codicil.

Will Advice

What is a Will?

A Will is a legal document in which you state what you would like to happen to your estate. Your estate consists of your house (less any outstanding mortgage or other loans secured on it), cash and savings, your car, household and personal effects, proceeds from any life assurance policies and pensions where there isn't a named beneficiary or the plans are not written in trust LESS any outstanding loans, credit card balances, household bills, funeral expenses, etc.

If the gross value of the total estate is less than £5,000 (England and Wales) or £25,000 before debts (Scotland) it is called a "small estate" and can be distributed without a Grant of Probate or Confirmation of the Estate.

However, it doesn't matter how little you think you are worth, it is important that you make a Will. Without a Will, your relatives and friends could face severe difficulties. And, although you may not like it, if you don't make a Will the law will decide for you, which may not be what you would have wished. You must sign and date your Will in the presence of two witnesses (England and Wales) or one witness (Scotland).

You must appoint an executor in your Will to ensure the terms of your Will are carried out. Sometimes one executor is sufficient but where there are potential beneficiaries who are not yet 18, then two executors are advisable. The executor's role is explained further below.
To make a will online click here now!