lex!
Challenge Tour Pro
Yes, good question, we included a clause for if we both go, then it's divided amongst the kids.
Wills advice
- Thread starter Midnight
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Yes, good question, we included a clause for if we both go, then it's divided amongst the kids.
Simbo
Tour Rookie
Iv got a free will that I had done through the union solicitor at my work, it's probably a very basic one but will it be any good??? I haven't signed it and sent it back in yet. I really need to so this.
How much is a will from the solicitor?? Neither of my parents have a will and Iv been hounding them to get one done.
How much is a will from the solicitor?? Neither of my parents have a will and Iv been hounding them to get one done.
I think from memory ours was about £450. May be slightly out but it was around that figure. Painful but we have children that need to be considered and I have also seen many instances of families either going through a protracted probate because of a lack of a will, at a time when you really don't need it, or infighting that ruin family set ups through arguments about who gets what etc. Wills make a painful time go smoother and with fewer money fights. Money does nasty things to people that many struggle to ever forget. Grudges last.
Simbo
Tour Rookie
What's a protracted probate?
Don't google it at work as you could lose your job.
Simbo
Tour Rookie
So dragging up an old thread, but Iv now convinced my parents to get a will done and the subject has come around the the "power of attorney" I know the basics of it but is it worth getting done?? What's the pros and cons of it?? It's seems very expensive to get done in comparison with a will, almost 5 times as much if you use a solicitor.
Anybody any advice on this?
Anybody any advice on this?
If you get it done now, when they still have their faculties then it can be quite quick and smooth. If you wait until a point when you need to have PoA then it becomes more difficult as doctors will need to get involved. You need to show that you are not looking to fleece your parents, the system can be very protective of them at that point. Getting it done early is a very sensible thing to do.
Blue in Munich
Crocked Professional Yeti Impersonator
^^^^ This. The in-laws functioned as a pair; she was (and still is) physically okay but was suffering from dementia, he was the brains but a physical wreck. When he died, without her dementia being formally diagnosed as he protected her from any medical procedures as she would always play up, we were (and still are) left in the position of trying to manage her affairs without PoA and with her in her deluded state, still thinking that she can cope.
chellie
Tour Winner
Definitely get it done sooner rather than later as it makes it all so much easier. Check out costs as some solicitors costs are horrendous for doing it.
Also, worth noting that some companies are an absolute PITA to deal with once you've got the POA. It took me two hours at the Halifax to put it onto MIL's account and even then they didn't set up everything properly :sbox: I've closed the account and moved everything elsewhere. In fact the Halifax were just as bad after my father-in-law died. Also, lots of companies want to see the original POA and will not accept a copy even if it's stamped by the solicitor. Those companies have been told to stuff it and mother-in-law will be closing things. The DWP will accept a copy of the POA but you must take the original into the job centre who will take a copy of it and stamp that saying they have seen the original. This is also acceptable for the Inland Revenue so get two copies if you can.
Also, worth noting that some companies are an absolute PITA to deal with once you've got the POA. It took me two hours at the Halifax to put it onto MIL's account and even then they didn't set up everything properly :sbox: I've closed the account and moved everything elsewhere. In fact the Halifax were just as bad after my father-in-law died. Also, lots of companies want to see the original POA and will not accept a copy even if it's stamped by the solicitor. Those companies have been told to stuff it and mother-in-law will be closing things. The DWP will accept a copy of the POA but you must take the original into the job centre who will take a copy of it and stamp that saying they have seen the original. This is also acceptable for the Inland Revenue so get two copies if you can.
