A tip when writing your will

IanH replied on 20/03/2016 10:18

Posted on 20/03/2016 10:18

Many people, when writing their will, name several people as Executors - often all their children, because they don't want to offend any one of them.

This can actually cause problems for the person trying to sort out the estate when you go. Often, only one person ends up taking on the task, but if there is more than one person named, many organisations require all the executors to attend meetings, collect documents etc. Some insist on a letter of authority from the other executors before releasing stuff. My Dad's bank even insisted on us both being there if we wished to open an executor bank account. It becomes a right pain.

My tip is to name just one person - whichever one you think wil have the tenacity, patience and ability to sort it all out.

taffyY replied on 20/03/2016 10:42

Posted on 20/03/2016 10:42

We had a solicitor who specialises in Will writing, to draw up our wills and she recommended two Executors.  Incidentally, does anyone know if we need to re-write our wills as we have moved since the originals were written?

JVB66 replied on 20/03/2016 10:48

Posted on 20/03/2016 10:48

If it is just a change of address then I would say no,if there are changes but only minor then a codicil (amendment) to your original will suffice,

And one thing we were told when making wills is never to write in a specific amount to any one,just a percentage of the remaining estate 

Tinwheeler replied on 20/03/2016 10:50

Posted on 20/03/2016 10:50

It's wise to name a second executor as a back up. It should be clearly worded that the second exec only acts in the event of the first declining or being unable to act.

Taffy, in English law there is no need to make another will because you move house but obviously the solicitor, or whoever holds your will, needs to know where you are. If you specifically named your house in the will - eg I leave number 2 Fore St to my brother - then you need to make amendments.

IanH replied on 20/03/2016 11:01

Posted on 20/03/2016 11:01

Yes, I'd agree with that way of doing it TW.....

Tinwheeler replied on 20/03/2016 15:05

Posted on 20/03/2016 15:05

Yes, I'd agree with that way of doing it TW.....

                                  Surprised

Wherenext replied on 20/03/2016 16:36

Posted on 20/03/2016 16:36

Yes, you must remember to tell whoever holds your will if you move. We received a letter from a solicitor the other day addressed to the previous occupier advising them of a merger and hence a moving of their will to a different storage address. The only problem is that we have lived here for over 30 years!

Kerry Watkins replied on 20/03/2016 16:46

Posted on 20/03/2016 16:46

We have had our Wills back from the solicitor as they have ceased trading. We now need to re-write them and change executors

Cornersteady replied on 20/03/2016 17:51

Posted on 20/03/2016 17:51

A very good post Ian, on the advice of our solicitor we have a lead executor who can 'speak' for all the others but needs their consent for any action. We discussed it with all of them and they agreed on our choice (eldest daughter). 

ValDa replied on 20/03/2016 18:04

Posted on 20/03/2016 18:04

Keep a certified signed copy of your will. They can easily be lost, even if lodged with solicitors or another organisation.  My old friend's will was lost, even though the organisation keeping it admitted they had drawn up a newer will, staff witnessed the signature, and were supposedly holding the official copy.  All she had was an unsigned 'Customers Copy' which had to stand because no signed copy of the newer will could be found.

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