Many people choose to use Wills and probate solicitors in North Wales to make a basic Will. There are advantages to using this type of Will, but it is also worth thinking about some of the drawbacks of too.
Some of the advantages of basic Wills are they are the ideal documents for someone who has an uncomplicated estate. They may have only one or two people they want to leave assets to, and they may have no spouse or children. No complex instructions are required by people who want a basic Will, and they are generally quick and easy to produce by legal advisors.
It is though, worth remembering that simple Wills also have some disadvantages. For example, if they are not regularly updated, any changes of circumstances in someone’s life are not reflected. This could include issues such as having to pay for end-of-life longer term social care. Basic, or simple Wills, also do not allow for the deceased to explain their decision-making processes. This could leave loved ones confused and unhappy.
Wills solicitors in North Wales may also explain that a basic Will does not help individuals to avoid paying probate fees nor will it necessarily speed up the process of distributing assets. More complex financial planning to avoid inheritance tax is also not usually achieved using basic Wills.
Speak to us today here at Bennett Smith Solicitors and request advice from one of our legal experts about making Wills and the options you have.
