Make a Will ‘watertight’ with top tips

By Napthens

03 Nov 2017

Website
karen-yates.jpg

Preparing a Will should be done properly to avoid the need for correcting costly mistakes later, a solicitor is warning.

Karen Yates, solicitor in the Wills & Estate Planning team at regional law firm Napthens, warns that Wills are complex and crucial documents, and having one written without the correct advice could end up being a costly mistake.

She advises that buying a Will online or having one prepared by a Will writer instead of a solicitor may not be the right option.

Now Karen has given her top tips for making sure a Will is as ‘watertight’ as possible.

She said: “The starting point is to make a Will in the first place. Far too many people still do not have one, and if this is the case you’re subject to the intestacy rules which means the law determines who receives what.

“By making a Will you’re taking that power and responsibility and deciding for yourself, not relying on someone else to make the decision.

“We have seen situations where a Will has turned out not to be valid when someone has died, only coming to light when the executors attempt to unravel the document.

“It can cost thousands to rectify problems with a homemade Will, far more than to have a proper one drawn up to start with.

“Involving an expert in the process lets you benefit from their experience to help you find the best route and make sure everything is done in accordance with the law – properly drafted, dated and witnessed.” Karen’s top tips:

Make a Will to ensure your wishes will be carried out properly Involve an expert Think carefully about who your beneficiaries will be – leaving everything to your spouse may not be the best option in terms of tax planning, for instance Carefully select an executor to carry out your wishes Make sure the Will is properly drafted, witnessed and dated.

Enjoyed this? Read more from Napthens

Latest news

1

County set to return to major national investment event Invest In Lancashire

County set to return to major national investment event

23 Apr 2024

2

FWP begins work on Bacup Market redevelopment project Bacup Market Visual FWP

FWP begins work on Bacup Market redevelopment project

22 Apr 2024

3

Digital hub secures funding to expand events programme Dan Knowles

Digital hub secures funding to expand events programme

23 Apr 2024

4

When it rains, it pours: Surface water management solutions ebp-channel-drainage-feature-01.png.png

When it rains, it pours: Surface water management solutions

23 Apr 2024

5

TCB Designs helps transform Burnley College spaces yehhhh.png.png

TCB Designs helps transform Burnley College spaces

23 Apr 2024

Hwc 2024 Email Signature 980x120
Background image for hub sign up block

LBV Hub

Reach 50,000 members of the Lancashire business community

Post your news
Post your events
Post your offers
Company profile
Social reach
Magazine coverage
Sign-up
Events
Health and Wellbeing Conference 2024
Hwc 2024 Social Media 1200px 1
Networking
23 Apr 2024

Health and Wellbeing Conference 2024

Crow Wood Hotel, Burnley , BB12 0RT

08:30 - 13:00

Help to Grow Management Course
HTG2.png.png
LBV Hub Seminars
15 Apr 2024 - 17 Jul 2024

Help to Grow Management Course

Preston Campus , Preston , PR1 2HE

09:30 - 14:00

HR Complete Training Programme: Equality and Diversity
Picture1.png.png
LBV Hub Webinar
23 Apr 2024

HR Complete Training Programme: Equality and Diversity

Online (Zoom)

09:30 - 11:00

Business Networking in Blackburn - BNI Vista
EVENT LISTING SIZING Vista.png.png
LBV Hub Networking
23 Apr 2024

Business Networking in Blackburn - BNI Vista

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:45 - 08:30

Emergency First Aid at Work
Chamber Logo1.png.png
LBV Hub Seminars
23 Apr 2024

Emergency First Aid at Work

FGH Training, 3rd Floor, Storey House, White Cross Business Park, Lancaster, LA1 4XQ

09:00 - 16:00

Business Networking in Chorley - BNI Endeavour
EVENT LISTING SIZING Endeavour.png.png
LBV Hub Networking
23 Apr 2024

Business Networking in Chorley - BNI Endeavour

Oak Royal, Bury Lane, Chorley, PR6 8SW

06:30 - 08:30

30 Minutes: Net Zero Introduction for Blackpool Businesses - Free online event
BU 2024 Events.jpg.jpg
LBV Hub Webinar
24 Apr 2024 - 24 Apr 2024

30 Minutes: Net Zero Introduction for Blackpool Businesses - Free online event

Online, Blackpool , FY4 1EW

10:00 - 10:30

Business Networking in Lancaster - Eden Business Network
EVENT LISTING Eden Business Network.png.png
LBV Hub Networking
24 Apr 2024

Business Networking in Lancaster - Eden Business Network

The Borough, 3 Dalton Square, Lancaster, LA1 1PP

18:30 - 20:30

Business Networking in Preston - BNI Diamond
EVENT LISTING BNI Diamond.png.png
LBV Hub Networking
24 Apr 2024

Business Networking in Preston - BNI Diamond

The Marriot Hotel, Garstang Road, Broughton, PR3 5JB

07:15 - 09:00

Your Business Bootcamp Bitesize: "Roger That… The Importance of Asking Twice"
CBP-logo LBV.png.png
LBV Hub Webinar
24 Apr 2024 - 24 Apr 2024

Your Business Bootcamp Bitesize: "Roger That… The Importance of Asking Twice"

Online, Online, Online

08:00 - 09:30

Business Networking in Accrington - BNI Zeus
EVENT LISTING SIZING Zeus.png.png
LBV Hub Networking
24 Apr 2024

Business Networking in Accrington - BNI Zeus

The Mill House, Corn Mill Yard, Accrington, BB5 5HX

06:45 - 08:30

Chamber Breakfast Networking
Chamber Logo1.png.png
LBV Hub Networking
24 Apr 2024

Chamber Breakfast Networking

Lancaster & Morecambe College, Lancaster, LA1 2TZ

08:00 - 10:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more Lbv115 Online Graphic
Subscribe now

Weekly news bulletin