Storing will

My original is held by my solicitors and it's also registered with some Will register or summit like that. I have a copy of my Will plus a draft copy of it pre-signing.
 
robj20 said:
Just the usual, house, car, couple of pensions. I imagine it would go to my wife, and if she weren't around spilt equally between my two children.
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If you and your wife die, it doesn't automatically go equally to the children. They will be left to figure it out themselves, along with any other family you or your wife have and unfortunately, one person often takes control, feels they deserve more for some reason and keeps a majority/all of the money and this leaves permanent rifts in families. Even when no one thinks anyone would act like this, it happens a lot.
You not spending a couple of hours to create a will is very irresponsible, and could leave one or more of the people you would like to be looked after, after your gone, with nothing. Also be aware that assets get taxed, so a house with no cash may well have to be sold off by the person inheriting etc.
 
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Ch3m1c4L said:
If you and your wife die, it doesn't automatically go equally to the children. They will be left to figure it out themselves, along with any other family you or your wife have and unfortunately, one person often takes control, feels they deserve more for some reason and keeps a majority/all of the money and this leaves permanent rifts in families. Even when no one thinks anyone would act like this, it happens a lot.
You not spending a couple of hours to create a will is very irresponsible, and could leave one or more of the people you would like to be looked after, after your gone, with nothing. Also be aware that assets get taxed, so a house with no cash may well have to be sold off by the person inheriting etc.
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That my choice doesn't align with yours surely doesn't make it irresponsible. If it was such a crucial thing to have it wouldn't be a choice would it.

Edit: https://www.gov.uk/inherits-someone-dies-without-will/y/england-and-wales/no/yes

That disagrees with you.
"The estate is shared equally between the living children."
 
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robj20 said:
That my choice doesn't align with yours surely doesn't make it irresponsible. If it was such a crucial thing to have it wouldn't be a choice would it.
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You can choose not to have one, but it is irresponsible not to, if you have a decent amount of assets. It doesn't matter if you agree or disagree, you are choosing not to prepare and not to be responsible for a very common and normal document. You are leaving it up to chance/whomever is most pushy once you are dead. This is irresponsible.
You are perfectly within your right to choose to do that, and I don't care if you do or not, it obvs won't affect me.
I just wanted to give you information on "the point" of setting one up and why if you have assets you should imo.

For me personally, I don't have the net worth, but if both my parents died I'd get a decent chunk, then if I died before I sorted an updated will, it would most likely default to my son, which may or may not be what I'd want, and would be problematic/different if I have had another child by that point.

My Auntie whom was already the richest of my dad and siblings, took control of a trustfund from my great auntie (destined to be kept as a trust and interest/earnings distributed between grand children as family money) had the most recent will annulled, distrubuted 10% (of the pre interest amount) to the other two siblings after collecting interest for two years while sorting out the estate and kept the other 80%. This doesn't even account for the rest of the estate which was at least similar in value most of which just vanished. It's been a decade and the siblings still don't talk as much, only health issues have forced them back to communicating really.

I have a friend, her dad re married and had a third child, then died. New wife took everything, gave his successful business to her 19 Yr old daughter, wouldn't even let the original two children have sentimental stuff. Eventually gave one of them the business as her daughter had run it straight into the ground and it was no longer even worth selling off.

Having since researched it, my dad has realised how often this, or similar occurs, so makes sure we all have at least a basic will in place. Regardless of how trustworthy, or well, his children get along etc.

People suck when the sums of money involved get large enough, relative to them. Someone always feels more entitled than others :(
 
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swillsy said:
theres a website :)

UK Will Register and Search Services - The National Will Register

The National Will Register is trusted by the public and legal professionals to register and search for wills in the UK.
www.nationalwillregister.co.uk www.nationalwillregister.co.uk
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swillsy said:
theres a website :)

UK Will Register and Search Services - The National Will Register

The National Will Register is trusted by the public and legal professionals to register and search for wills in the UK.
www.nationalwillregister.co.uk www.nationalwillregister.co.uk
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They are more expensive than the Probate office, who charges £20.

It's annoying my solicitor doesn't store them, but then again it's a free will they're written for me, referred by a charity. Think I'll just store it at home with my other paperwork and email a copy to someone.

I do need a fireproof document storage box now though.
 
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