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How to set up a Will?
#3
I worked in law firms for most of my career, specialising in wills and estates.   I strongly advise against trying to prepare and  execute your will without professional input.   There are very very strict parameters to be observed, both in the wording and in the signing and witnessing of a will,  and if you make any mistakes it will at worst be invalid, or at best cost your heirs significant money to validate and administer

Most solicitors will charge $150 - $450 to prepare a will and get it executed.   If you make your own it is likely to cost your heirs in the thousands in extra legal fees.

The best way to save money in legal fees is to prepare yourself well before you see the solicitor or legal executive.   Plan out exactly what you want to achieve with your will.  You will need to decide on who you want to be your executor/s, any specific items or sums of money you want to leave to particular people, and who you want to inherit the rest of your assets.   It is not necessary (or legally binding) to direct what you want to happen to your remains, but a will can be a handy place to give your survivors an idea of your wishes.   Write it all down to help you present your wishes clearly.

Let me know if you want any further advice.


Messages In This Thread
How to set up a Will? - by Galaxy01 - 23-12-2024, 04:47 PM
RE: How to set up a Will? - by king1 - 23-12-2024, 04:50 PM
RE: How to set up a Will? - by Olive - 23-12-2024, 06:39 PM
RE: How to set up a Will? - by king1 - 24-12-2024, 07:05 AM
RE: How to set up a Will? - by Olive - 24-12-2024, 07:48 AM
RE: How to set up a Will? - by king1 - 24-12-2024, 12:18 PM
RE: How to set up a Will? - by Galaxy01 - 23-12-2024, 07:51 PM
RE: How to set up a Will? - by Olive - 23-12-2024, 07:59 PM
RE: How to set up a Will? - by Praktica - 24-12-2024, 06:49 AM
RE: How to set up a Will? - by Praktica - 24-12-2024, 12:20 PM
RE: How to set up a Will? - by allblack - 25-12-2024, 06:03 AM

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