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Legal, pensions and money

Have you made a will ?

(88 Posts)
durhamjen Sun 01-Oct-17 17:52:02

It's free wills month starting from tomorrow.
They are not really free. You agree to give what you would be charged to a charity, but it's a good idea.
Only certain solicitors will do it.

BBbevan Sun 01-Oct-17 17:45:34

Yes and we have both just made new ones as we have just bought a new house. We also did tenants in common, and included the DGDs

lemongrove Sun 01-Oct-17 16:19:02

Yes, once we had children, and then updated when they grew up, and now updated yet again last year.It’s expensive to do but worth it to know that it’s all in place.

ninathenana Sun 01-Oct-17 16:02:35

Yes, we have but it seriously needs uupdating. We did it when the children were born. It states that if we had all gone together my brother's children would have inherited but we have the GC now.

Nannarose Sun 01-Oct-17 14:24:57

I think the other thing is making sure that executors / heirs know where the will is stored, and destroy old ones!
You also need to be aware, for instance 'to my grandchildren Topsy & Tim', or 'to my grandchildren'.

Most solicitors advise against leaving very specific sums of money or properties because it can cause problems as circumstances change.
My grandfather made a will when I was young, in which he left me £250 - which would, at the time, have been a 25% deposit on a very nice house in our village. He left his house to one of his sons, and £1000 to the other. When he died, 50 years later, his house was worth £250k! Fortunately the brother sorted it out amicably; and his love and support gave me a good start in life, so a nice memento was all I wanted.

I have made 4 wills in my life: a DIY when I was young; used a solicitor when I had children, to appoint 'testamentary guardians' and ensure money was available for them; another DIY when they grew up; and now another with a solicitor so we could arrange inheritances for GCs.

DanniRae Sun 01-Oct-17 12:28:52

Yes!

maryeliza54 Sun 01-Oct-17 12:20:11

The only thing with an 'old' will would be checking that the executor details are up to date

Charleygirl Sun 01-Oct-17 11:47:10

Chewbacca my will was out of date because my personal circumstances had changed. Do not waste your money if zilch has changed and you do not want to change anything.

annsixty Sun 01-Oct-17 11:36:34

We made mirror wills some time ago but as my H has a diagnosis of dementia I don't think we can change his.
If I die first the house will go to him and all go for care costs. I intend to make a new one leaving my savings and personal possession to my children.

paddyann Sun 01-Oct-17 11:34:03

yes and it includes everything that we want for funerals etc ,the solicitor gave contact cards to the executors and to my chidren and they will contact him as soon as we've died .No point in working your socks off for 50 years to let the government take it all ....especially not THIS government where it wont be spent how I would want

Chewbacca Sun 01-Oct-17 11:29:56

I made a will about 10 years ago. Do they become "out of date "? Do they have to be renewed, even if you've not changed anything?

Charleygirl Sun 01-Oct-17 11:26:29

I did have a will but it had been made many years ago and was out of date so I started afresh earlier this year and also added two Power of Attorneys. At least if I am admitted to hospital one of the POAs can access money legally for me because it costs a fortune applying through a court.

Floradora9 Sun 01-Oct-17 11:20:55

I have been watching old episodes of " Heir Hunters " and cannot believe people will have no will or obvious heirs and leave an estate worth nearly half a million pounds. Did they think they would live for ever or just did not care what happened to thier money ? Surely leaving it to a charity would be better than the government taking it if no heirs found. Perhaps you could argue that the goverment needs
the cash of course.