A valid Will is the most effective way of ensuring your wishes are carried out after your death. Whilst there is no fixed format in which a Will must be written there are legal processes which must be complied with in order for it to be valid.
Many people write their own Wills and where circumstances are simple this is often the most cost-effective method. However, life is becoming increasingly complex: couples having different home countries, children by previous marriages, separation, divorce and assets held in multiple jurisdictions are all reasons why a professionally prepared Will may be a wiser option.
When approaching an unfamiliar task, such as writing a Will, it takes time to familiarise yourself with what needs to be done and to understand the legal jargon. Even if you wrote a Will several years ago, there will have been changes in legislation and taxation which you need to consider when writing your Will. These details need to be researched and add to the complexity to the situation.
The combination of unfamiliarity, jargon and fine detail add to the risk of potentially getting something wrong and your Will being challenged in court. Consequently, whilst there is a cost in appointing a Will writer, this is a relatively small amount compared to the amount of your time and effort expended; the risk of missing important Estate Planning opportunities and a potential legal challenge to your wishes. Contact us for more information.