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Thread: Your Will - have you got one?

  1. #1
    Senior Member Lighttouch's Avatar
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    Your Will - have you got one?

    Despite being 57 I made a will out over 17 years ago because, quite frankly,I didn't really expect to be treading earth's floorboards today!

    As it happens a number of people in my old Will have passed on despite being younger and healthier than me.

    The old Will has now been ripped up! If I now don't do anything then all my assets would be passed to the next of kin - my 85 year old dear mum. That would be silly!

    So on Thursday morning I\ve arranged to meet a specialist solicitor to draft and hold my new Will.

    Now please, don't all rush forward with your names and address details!!

    I want to spread good fortune across family, friends and a few ex work colleagues and girl friends plus a charity local to me.

    So, don't put off something you plan to do next week as it may never happen.

    Keep smiling! Time to make my list of lucky people!!

  2. #2
    Senior Member AmyS's Avatar
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    Hi Lighttouch,

    Yes I have a Will, it's so important as it addresses all your wishes.

    Ten years ago after hubby died in an accident, I realised we never know what tomorrow may bring.

    I update it every five years to ensure it's kept up to date. It makes life easier for those left mourning they at least know what I want, don't want and who I want to receive my 'pennies'

    In my case it's relatively easy - all goes to my son, but this way it's laid out.

  3. #3
    Senior Member Lighttouch's Avatar
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    I think it's a great idea to set a date to make a Will as it helps you to focus.

    I've just been following some guides and I've got two friends who are willing to act as Executors. I've named them but also want to leave money to them - no doubt the solicitor will let me know if that's legal.

    So far I've identified 9 people I want to leave money too and a few charities.

    I've sorted out my financial investments and clearly labeled what's where and how to access the investment otherwise it would be a complete nightmare for anyone to find anything.

    I'm leaving big sums to my nieces as it will give them a leg up if they want to buy a home as it must be so expensive to do these days.

    I've also left enough to each of my very young half nieces to cover these massive student bills they might need to pay 15 years from now.

    A few ex-girlfriends will be surprised too.

    Like you I'll need to revise this more frequently as and when I cash in other frozen pensions.

    I've been a very good saver but not so sure that it holds in your favour if you become disabled.

    I could even afford a flight on the next space shuttle with Virgin but then again you don't want to tempt fate!!

  4. #4
    Senior Member AmyS's Avatar
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    Oooooo space shuttle - been chatting about this with family. In my case - I'd go on the flight.

    Back to thread.

    Yes it does make you focus and also understanding why you need to update it. We had so many complications because 'his' Will was twelve years old and domiciled abroad. Nine years it has taken to resolve - all because of not having an up to date Will.

    I keep trying to get my sister to sort out her affairs but she keeps putting it off. Grr you can take a horse to water, but can't make them drink.

    My son married last year and on returning from his honeymoon rang me up. He's making a Will, asked me loads of questions as this was all new to him, "mum what did you do" blah blah. I'm relieved he's done it, he owns several properties in London so it will clarify all his wishes. Pstt I've a feeling he's going to buy me my car lol, he tried last year and I refused, though if he does offer now I'll accept.

  5. #5
    Senior Member beau's Avatar
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    We have wills that are looked at on a yearly basis and changes made if needs be. We never used to have them until it was brought home to us when I was suddenly taken ill and not expected to survive. It is true, you don't know what tomorrow will bring.

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    Like others this has always been something we'd get round to doing. I have every intention of spending every penny before I go and if I go before hubby he can please himself what he does with it.
    We have 'mirror wills', they say the same and all is left to our executors. Its good that they are done now as it gives me a chance to say who I want my worldly goods to go to and more importantly a separate letter to say who I dont want anything to go to. Letters to say if we want buried or cremated and what to do with the remains.
    Cost £57 for them both, we sold our property years ago so have no assets, so its easy.

  7. #7
    Senior Member Lighttouch's Avatar
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    Saw the solicitor today. Emailed her first with details of Executors and Beneficiaries. She suggested allocating %s of wealth as you never know how much there will be. Went through Will Aid so donated £100. She'll email me a draft copy to approve. The meeting took 25 mins.

  8. #8
    Senior Member AmyS's Avatar
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    Yes quite a few charities offer services like this.

    I agree with the % as you never know what other expenses come out of the woodwork.

  9. #9
    Senior Member beau's Avatar
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    Ours is percentages and also done with a charity donation.

  10. #10
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    We did our wills after our son was born. I found a company that did it completely free but used it as a chance to try and sell other products like life insurance and income protection etc. We didnt take any extras, just mirror wills for my partner and I. They are called Dunham McArthy and they came out to our house for it. Really easy to get it done and I dont work for them!

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