More DIY Wills in the offing?
It is probably fair to say that many people in the UK are worried or concerned about how their standard of living will shape up over the coming few years.
We are all looking to avoid spending on things that we can manage without or getting into buying the cheapest version of the service available. Discretionary spending is falling away.
I think making your Will is a classic discretionary purchase. There is no particular time for most people that they must make a Will. For many it is a result of having children and wanting to appoint guardians and set up bereaved minor’s trusts. For others it is a factor of getting older and it is just about getting things right for their spouse or family.
Then it would be no surprise if even more people were now looking for free or super cheap Wills. Internet search volumes for DIY Wills are on the up it seems, so it could be said that they are the flavour of the month.
The concern remains that free or cheap DIY Wills can be a mistake for too many people who will get it all wrong.
That sorry situation where the £10 bargain is found wanting is often found out during the horrible limbo period where the impact of the bereavement has not really been absorbed by the family.
Intestacy due to an invalid DIY Will is not the sort of epitaph many people would want.