Since we can’t really know about will writing until we do it ourselves, there are a lot of misconceptions surrounding it. Here, we look at the six most common will-related misconceptions.
Let’s face it, no one wants to think about death too much, although we all know it is inevitable. However, it is good to make plans for what will happen to your finances and belongings after your death. It doesn’t need to be expensive or time-consuming; it can make a considerable difference to your loved ones when you pass away.
My Partner Will Receive Everything
This one of the most common misconceptions and the answer is… No, not always! This is typically the case if you are married, but if you are simply cohabiting or in a long-term relationship and you pass away without a will, the rules of intestacy will define who your beneficiaries are, and your partners won’t be at the top of the list.
It’s Cheap and Simple to Write My Own Will
DIY will kits can be helpful. However, many of them are unreliable or invalid legally. Any error or omission could render the will void, resulting in complications and delays with the probate process. It is usually advisable to work with a professional will writer while drafting your will.
A Will Must Be Read Out
Misconceptions like this are fuelled by TV dramas in which people huddle around to hear a will be read out loud.
If I’m Not Rich, I Don’t Need a Will
This is untrue as well. Everyone should have a will, regardless of their financial condition. It enables you to specify who will receive your assets, care for your children after your passing, and make other significant estate-related decisions.
I Don’t Need to Modify my Will
Your will must be updated when your circumstances change. This includes getting married, divorced, having kids and grandkids, possible beneficiaries and executors passing away, and getting new enterprises or assets.
I Can Let my Family and Friends Know Who Gets What
A legitimate will cannot be created by just composing an email or letter to a loved one indicating they are eligible to inherit your property. It needs to be witnessed, signed, and legally written.
Tips for Writing a Will
- Use a professional to help you write your will.
- Be very clear about your intentions.
- Update your will whenever your circumstances change.
- Keep your will in a safe place.
Contact UK Probate Reseals on 0208 1502010.
