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THE TEACO DIY WILLS WARNING™

THE TEACO DIY WILLS WARNING™ 4 Feb 2019

As tempting as it may be to make a DIY Will to keep costs down, the consequences of such action may be far more costly.

Get your Will wrong and you won’t just be bruised, but bequeathing a potential nightmare for your bereaved and grief-stricken relatives and friends to deal with. Choose to overlook an obvious beneficiary, without explaining why, use words open to a different interpretation, or be ignorant of how the law operates in relation to your individual circumstances, and your final wishes may become a DIY disaster.

Writing a will is a skill, not a hobby – or at least it should be. However, just as many legal loopholes can be found in wills written by unqualified will writers, or by the wills factories now springing up.

DIY Wills and those drawn up by unqualified will writers may not be worth the paper they are written on. It is a terrible but true fact that, currently, a will writer does not need to have a qualification. Many people are misled into thinking their Will is sound, when it is not.

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PROBATE – DO IT YOURSELF OR APPOINT A PROFESSIONAL?

PROBATE – DO IT YOURSELF OR APPOINT A PROFESSIONAL?

A charitable trust or foundation is a legal organisation which can be set up by [...]

15 Mar 2024
WHAT IS THIS NEW RESIDENCE NIL RATE BAND ALL ABOUT?

WHAT IS THIS NEW RESIDENCE NIL RATE BAND ALL ABOUT?

This is a new inheritance tax relief on a main residence (not to be confused [...]

5 Feb 2019
MAKING A TRUST

MAKING A TRUST

Trusts are used when an individual or two or more individuals (in trust terms, “the [...]

5 Feb 2019
 LASTING POWERS OF ATTORNEY V DEPUTY ORDERS

 LASTING POWERS OF ATTORNEY V DEPUTY ORDERS

Lasting Powers of Attorneys and deputyships are legal methods by which decisions can be made for persons lacking mental capacity.

5 Feb 2019
WHY A CHARITABLE TRUST?

WHY A CHARITABLE TRUST?

A charitable trust or foundation is a legal organisation which can be set up by [...]

5 Feb 2019
THE TEACO GUIDANCE ON  LASTING POWERS OF ATTORNEY™

THE TEACO GUIDANCE ON LASTING POWERS OF ATTORNEY™

A Lasting Power of Attorney (LPA) is a formal arrangement created by a deed in [...]

5 Feb 2019
THE TEACO DIY WILLS WARNING™

THE TEACO DIY WILLS WARNING™

As tempting as it may be to make a DIY Will to keep costs down, [...]

4 Feb 2019
THE TEACO GUIDANCE ON MAKING A WILL™

THE TEACO GUIDANCE ON MAKING A WILL™

Benjamin Franklin once said: “There is nothing so certain in this life as death and [...]

4 Feb 2019
WHAT IS THE TRANSFERABLE NIL RATE BAND?

WHAT IS THE TRANSFERABLE NIL RATE BAND?

When a spouse or civil partner dies leaving a surviving spouse or civil partner, and [...]

4 Feb 2019
HOW CAN YOU MAKE A GIFT OF 10% OF YOUR ESTATE TO CHARITY IN YOUR WILL AND ENSURE YOUR BENEFICIARIES  A REDUCED INHERITANCE TAX RATE OF 36%?

HOW CAN YOU MAKE A GIFT OF 10% OF YOUR ESTATE TO CHARITY IN YOUR WILL AND ENSURE YOUR BENEFICIARIES A REDUCED INHERITANCE TAX RATE OF 36%?

Any gifts you make to a 'qualifying' charity - during your lifetime or in your [...]

13 Dec 2018
LASTING POWERS OF ATTORNEY V DEPUTY ORDERS

LASTING POWERS OF ATTORNEY V DEPUTY ORDERS

Lasting Powers of Attorneys and deputyships are legal methods by which decisions can be made [...]

10 Dec 2018
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Disclaimer: The information contained in this site is for general guidance only and does not represent legal advice. Whilst we have made every attempt to ensure the information contained in this site is accurate, in no event Teaco Associates limited will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website. No part of this site may be copied, republished or reproduced without permission of Teaco Associates Limited (Company number 7268785) Registered Office: Trinity Court, Church Street, Rickmansworth, WD3 1RT.

We may make improvements and/or alterations to the site at any time without notice. This firm is registered with HMRC as a trust service provider for Money Laundering Regulations (MLR Number: XTML00000189230) and registered for VAT (VAT number: 646109148). Lisa Jones of this firm is registered trust and estate practitioners of STEP (The Society of Trust and Estate Practitioners) under membership number 7469. Michael C Fox of this firm is authorised and regulated by the Solicitors Regulation Authority under SRA number 99137. Hannah J Cummins of this firm is registered trust and estate practitioners of STEP (The Society of Trust and Estate Practitioners) under membership number 284361.

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