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A will is a legal document created by a person to state what they want to happen to their estate after death. Wills can include property, money and anything deemed valuable and sentimental. Creating a will ensures your estate is distributed according to your wishes.
While you can create a will yourself, it’s recommended you hire a will writer to do this on your behalf. This will help ensure that your will has been written correctly. It will also make the probate process run more smoothly after death.
Having a will in place will make paying any liable taxes on your estate simpler. It prevents unnecessary taxes from being paid by loved ones. Without a will, decisions regarding your estate are left out of your control and decisions you may not agree with could be made on your behalf.
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There are many types of wills to consider. The option you choose will vary depending on your circumstances and relationship status. Some of the most common will types include the following:
This is the most common will type and is a single document based on one person’s individual wishes.
A joint will is created by two or more people and will come into effect once all people involved have passed away. It’s often used by married couples.
A trust is created within a person’s will to manage the deceased’s assets and will come into effect upon their death.
Commonly known as an advance decision. This will detail the medical treatment you want to refuse in the case where you cannot express these wishes yourself.
The wills of two partners will mirror each other and state that all possessions are left with the surviving partner.
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Fill in our online form and receive up to 6 free quotes from our trusted and licensed will writers.
Once you have matched with our will writing partners, you should consider the following when choosing a will writer:
Reading the reviews of companies will provide you with a better idea of the services they provide, and the experiences users have had.
It's important to research will writers before making your decision. You want to choose a company that is trusted and regulated. This will provide peace of mind that your will has been completed legally. All of Compare My Move’s will writing partners have passed our strict verification process.
Finding out the costs of services is important. Ensure they are factoring in any additional payments you may need to make and there aren't any hidden costs.
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There are many things to consider when making a will. For example, you need to ensure your will is legal. If your will hasn’t been completed correctly upon death, it will be invalid and your wishes may not be carried out as a result.
Here are some legal requirements to consider:
This is why it’s important to hire a professional will writer. They will ensure everything has been completed correctly and avoid chances of contesting a will which can give you peace of mind.
Read more on: Making a Will - What You Need to Know
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A standard will costs around £500 according to Which?. The exact price depends on the type of will you need and the legal professional you choose. Single wills are usually the cheapest, while trust and specialist wills cost more due to their complexity.
You can expect to pay more if you have a lot of assets to leave in your will. The cost of a will with fewer assets is significantly lower. Although writing your own will is free, it’s not recommended unless you're confident in the legal requirements. Choosing an SRA-regulated solicitor is the best option to consider.
It’s important to seek legal advice as it helps to prevent any mistakes being made in your will. This could potentially cause your will to be void after death.
Read more on: How Much Does a Will Cost?
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On average, it will cost around £30-£70 to update your will using a codicil according to Remember A Charity. Costs vary depending on the company you choose, the type of will and what needs to be amended.
Your will should be reviewed every 5 years to ensure details are still correct. A codicil can be created to make small amendments to your will instead of completely rewriting it. This is a cheaper option to consider.
You may need to update your will to change beneficiaries or add assets. Changes in addresses for beneficiaries will need to be amended. If a person marries or enters a civil partnership after their will is created, existing wills are no longer valid. Both partners will need to create new wills.
Updating your will independently is free, but isn’t recommended. It’s best to seek assistance from a legal professional to ensure your will is valid and correct.
Read more on: How Much Does it Cost to Change Your Will
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Explore our expertly-reviewed guides on will writing and more.
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