What to expect from a DIY Last Will & Testament kit
A ‘Last Will & Testament’ kit by Lawpack in a local branch of WHSmith has a ‘save £5’ sales banner and is reduced to £20. How can I resist this bargain?
Opening the kit, the first impression is one of disappointment. A double-sided A4 sheet of paper rather than goatskin parchment i expected to be provided to record my dying wishes.
However the accompanying 64-page will kit guidance manual is straightforward – though a bit of a chore to read. It includes a few handy examples (half the guide was for those writing a will in England, Wales and Northern Ireland while the second section is for those in Scotland).
The main preparation is reflecting on a future without me. Married with two children it is a straightforward choice to leave all our assets to my wife and after she goes for everything to be split equally between our two children.
If our family situation had been more complicated – perhaps if one of us had children through a previous relationship – this DIY will would have proved inadequate.
It is necessary to talk about the will with my wife before filling out the forms so she can do a ‘mirror copy’ – included in the pack – to reflect the same wishes if she dies first. There is also a section to put down executors who must apply for a grant of probate to sort out all my financial matters in the event of my death.
There is a section requiring the listing of guardians to look after the children if we both die. Once completed the will then has to be signed by two witnesses.
The will writing is straightforward – though it requires a few practice runs before the final will is written. The whole process takes less than an hour.
Read more: http://www.thisismoney.co.uk/money/mortgageshome/article-3456277/DIY-kit-really-possible-record-dying-wishes-20-does-stand-expert-scrutiny.html#ixzz414LON400
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