Writing your own will? Watch out for these basic errors if you're using a cheap DIY kit

Logo Daily MailDaily Mail
2023-09-05 21:58:52  • 2 mins

More people are turning to homemade wills to save money during the financial crisis but lawyers fear it may lead to a sharp rise in inheritance disputes.

So-called DIY will kits can be purchased from a stationers for just 20.

They offer a cheap way to ensure a basic estate is divided according to your wishes on your death.

But unfortunately, without professional guidance, you could also overlook family members or accidentally give everything to a single person, leaving others with nothing.

In some cases, such as if a will has not been signed correctly by two adult independent witnesses who are not beneficiaries, the will can even be invalid. A solicitor charges from 150 to draw up a basic will.

Continue read on dailymail.co.uk

This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer. Though...
Logo NasdaqNasdaq
2023-09-26 10:09:00  • 1 min
Stephen Gold: Death bed gifts, making codicils, the impact of marriage and divorce, and protecting property Stephen Gold is a retired judge and author who...
Logo Daily MailDaily Mail
2023-09-18 09:29:51  • 1 min
Stephen Gold: 'Are you worried that you might be buried alive? A will could put that right' Stephen Gold is a retired judge and author who recently wrote a...
Logo Daily MailDaily Mail
2023-09-14 05:00:52  • 2 mins
According to the Labour party, if Rishi Sunak goes ahead with his planned changes to inheritance tax, he will save himself 300m. Does that refer to what he...
Logo The GuardianThe Guardian
2023-09-25 16:10:59  • 2 mins
Inheritance tax: Should it be eased, abolished, made tougher... vote in our poll below The Conservative party is reportedly considering a pledge to initially...
Logo Daily MailDaily Mail
2023-09-25 12:17:47  • 1 min
Key Points As your wealth increases, it may be tempting to buy a second home or a boat. But financial advisors warn those purchases can put a big dent in...
2023-09-25 18:41:20  • 2 mins
If your medicine cabinet is bereft of COVID tests, now is the time to stock up: The U.S. government is again mailing out free kits, ahead of an anticipated...
Logo FortuneFortune
2023-09-25 17:59:17  • 1 min
This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer. Many people...
Logo NasdaqNasdaq
2023-09-19 09:58:00  • 2 mins
Everyone makes financial missteps from time to time, regardless of their income level. However, if you have limited financial resources, you probably face...
Logo NasdaqNasdaq
2023-09-24 15:00:10  • 2 mins
A former police officer whose terminally ill mother was assisted to die in Switzerland is calling for a change to the law in the UK. James Johnson, from...
2023-09-26 06:36:47  • 1 min
In the dynamic world of business, deals and contracts are the lifeblood of success. They are negotiated meticulously, with each party striving to secure the...
Logo Inquirer.netInquirer.net
2023-09-25 18:30:16  • 1 min
As inheritance tax receipts hit a record 7.1billion a year, a growing number of families are looking for ways to slash their costs. From making gifts during...
Logo Daily MailDaily Mail
2023-09-16 21:01:17  • 1 min
Even if you leave your career and start collecting Social Security, youll never be able to retire from paying your monthly bills. Thats a recurring joy that...
Logo NasdaqNasdaq
2023-09-25 16:00:05  • 1 min
His brother's spirit has propelled Will Benson from the brink of early retirement to the front line of a major-league pennant race.
Logo The New York TimesThe New York Times
2023-09-25 13:20:30  • 1 min
Ron Rash has made the fog-shrouded ridges of Appalachia his fictional home in novels and short stories over a highly acclaimed career dating back decades....
I own one buy-to-let property that I purchased back in 2012. Contrary to what most landlords seem to be doing this year, I am hoping to buy a second one as I...
Logo Daily MailDaily Mail
2023-09-26 05:00:49  • 2 mins
Most online marijuana dispensaries in the US lack proper age verification features, a study has warned. But researchers in New York City found that only half...
LONDON, United Kingdom -The UK’s inflation-fueled cost-of-living crisis is set to “cut lives short” and “significantly widen the wealth-health gap”,...
Logo Inquirer.netInquirer.net
2023-09-26 01:48:16  • 1 min
Adulthood used to mean financial independence from parents, but many of todays parents give financial help to their adult children. According to a 2021...
Logo NasdaqNasdaq
2023-09-26 11:00:12  • 1 min
By Dan Martin & PA news agency BBC News More than 1,000 letters have this week been sent to families who may have received poor maternity care at...
2023-09-26 08:52:07  • 1 min