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Making a will in the UK

Discussion in 'General Chit Chat' started by aposhark, Mar 28, 2020.

  1. aposhark
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    aposhark Well-Known Member Lifetime Member

    Has anyone done this recently?
    If so, what is the best way to get it done as I am guessing there will be a lot of people trying to do it now?

    I suppose it will be impractical to meet people.
  2. oss
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    oss Somewhere Staff Member

    I signed as witness my friends will a couple of years ago, he had just used a template he had obtained on the internet, his financial affairs are not that simple either as he owns a pub inside the wrapper of his SIPP.

    I've been thinking about it myself, I don't have a valid one right now and the kids are only protected by my employers Key Man insurance which pays out twice my annual salary, I kept putting off creating a will because of Ana's behaviour.
  3. Maharg
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    Maharg Well-Known Member Trusted Member

    Make sure the witnesses bith sign in yours and each others presence.

    My mother got her witnesses to sign and date on seperste days and it has csused a lot of hassle.

    Also, make sure as much as possible that you want to leave to someone in in joint names. House. Banks etc. It will save a lot of stress later.

    Also, check the probate limit on any bank and building society where you have an account and keep below it. It is normally 50,000, so keep below that. If you have more then open another account with a different bank.

    Our house is currently in my name only, but once (if!!!) my mum's will is sorted (she died last November) I will put the house in both our names.

    I've learned a lot these last few months!
  4. Mattecube
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    Mattecube face the sunshine so shadows fall behind you Trusted Member

    I was told it's not good to use a will writing service as they cannot hold the will nor are they usually legally qualified like a solicitor.
    My issue is the house is in my name only and I want my wife to be a lifelong tennant till she passes and then the house will be sold and divided.
    Also I have put in writing arrangements for my cremation and scattering
    I have a draft copy but nothing set in stone
  5. bigmac
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    bigmac Well-Known Member Trusted Member

    exactly the same as me. how does that work with estate duty ?

    ive been thinking the same all week. my last will is no longer valid because i married Nida after. i havent made a new one since.
  6. bigmac
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    bigmac Well-Known Member Trusted Member

    Also, check the probate limit on any bank and building society where you have an account and keep below it. It is normally 50,000, so keep below that. If you have more then open another account with a different bank.

    thats all news to me.
  7. Mattecube
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    Mattecube face the sunshine so shadows fall behind you Trusted Member

    I have made provision for my savings to be split at the time of my death and that will just leave the house.
    Not sure how it all works that's why I will use a solicitor.
    The reasoning on the house is after a bad experience for my boys after I divorced.
    Instead of splitting the house proceeds 50/50 We that is my ex wife agreed she could have the house mortgage free and I would not pay forced maintenance I did pay voluntarily. However after about 18 maths of split ex let a boyfriend move in, it didn't work out and he started asking through solicitors for half the property I ended up paying him off with money my parents had left me! The situation made my ex real poorly.
    So this time the house I have protecting not from my wife but after her demise
  8. oss
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    oss Somewhere Staff Member

  9. bigmac
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    bigmac Well-Known Member Trusted Member

    • Agree Agree x 1
  10. bigmac
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    bigmac Well-Known Member Trusted Member

    by odd coincidence--when my first wife divorced me--40 years ago, we jointly owned a property which was our home and business--a guest house on shanklin seafront. the agreement was she bought me out--for a nominal sum--in return for no maintenance.. shes still in the place.
  11. oss
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    oss Somewhere Staff Member

    I'm going to call my friend on this today, he completed a law degree last year although he's not a practising lawyer but he should know something about the subject.
  12. Mattecube
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    Mattecube face the sunshine so shadows fall behind you Trusted Member

    Can you ask him about lifetime tenant? please lol
  13. Mattecube
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    Mattecube face the sunshine so shadows fall behind you Trusted Member

    have you thought about your funeral arrangements?
  14. Maharg
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    Maharg Well-Known Member Trusted Member

    It's just a matter of making things easier for those left behind so they don't have to go through so many legalities.
    • Agree Agree x 1
  15. bigmac
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    bigmac Well-Known Member Trusted Member

    nope
  16. Mattecube
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    Mattecube face the sunshine so shadows fall behind you Trusted Member

    fair enough!
  17. bigmac
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    bigmac Well-Known Member Trusted Member

    i aint planning on dying any time soon.
    • Like Like x 1
    • Funny Funny x 1
  18. oss
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    oss Somewhere Staff Member

    I'll ask but I expect he will have to research both my own questions and this one, this is the pal I was out for a beer with last month in Liverpool.
    • Like Like x 1
  19. Mattecube
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    Mattecube face the sunshine so shadows fall behind you Trusted Member

    Good, but you should plan unless your not bothered what happens.
  20. bigmac
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    bigmac Well-Known Member Trusted Member

    Funerals are for the comfort of family..its up to them what they want.

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