A hearsay will writing introduction...
Welcome to hearsay.uk.com the new online will writing guide. Listen out to what we have to say if you want to make a will online.
Since consumers can complete many documents online, including some high-value ones for insurance and short-term loans, few people would be surprised that companies offer online will writing services as well. The main question they might have, however, is whether or not this document is legally binding. After all, the internet exposes people to scams and leaves them vulnerable to theft. Surely one needs a solicitor's participation to complete a legal will.
The truth is that the considerable amount of money you pay hiring a solicitor to oversee completion of making your will is wasted if your situation is straightforward. In complicated cases, it is best to seek legal advice, but many consumers in the UK know exactly what they want and are perfectly competent to fill out a simple questionnaire costing less than £30. Solicitors are rarely specialists in the area of will writing anyway.
Meanwhile, the people behind Simplewills.net are experts because this is all they do: help clients complete this single legal document and update information on their site according to new legislation. Go to their FAQ section to learn more about why you should use their online service. Get started writing your will. It takes little effort but reveals several benefits, especially cost savings.
The other big benefit is time saving: you do not have to arrange meetings with solicitors during work hours or lunch time or pay extra money for an after-hours visit. You never have to speak directly to a solicitor: as long as your will is signed by you, witnessed, and dated, it is a legally binding document.
Since you can save the document you started and come back to it over time, as many times as you want before finishing and paying for the document, there is no hurry to consider what you want to do with heirlooms, favourite clothes and books, or who should receive money and how much. Consider deeply how you wish to be remembered in a funeral or other service. Think carefully about choosing legal guardians for your children.
For anyone with considerable funds to divide, it is tempting to hoard it all and then leave it in chunks to children, grandchildren, and family friends. This would leave your next-of-kin owing the government tons of money. After a value of £325,000, one's estate is subject to 40% inheritance tax. Maybe you didn't realize how much money would be yours to leave or your property went up in value considerably after you finished writing your online will.
Use the single free re-write offered by Simplewills.net to change your mind about who gets what or allocate funds to charities right now, leaving your estate smaller than before. To avoid paying the full sum or any inheritance tax at all, consider leaving your assets to a co-habiting partner or simply reduce your estate by giving the maximum amount in gifts annually (£3,000 to charities and/or political parties and £250 to friends and families annually).