Doing Away with DIY: Why Professional Wills Are a Luxury that all Estates Can Afford

Industries 
An excellent opportunity to run a professional, time flexible and lucrative Legal services business from home or office, from one of the most recognised and trusted brands in the industry. Minimum start up costs with no previous experience necessary.
Video

APS Legal & Associates

  Opportunities:
In the UK
  Business Type:
Business Opportunity
  Minimum Investment:
£3,995
  Training Provided:
Yes
  Home-based:
Yes
  Part time:
Yes

The benefits of a professionally-executed will are perhaps obvious to professionals, but not necessarily self-evident to clients.

With increased support available for do-it-yourselfers, from will drafting apps to downloadable online forms, the quick and easy option can be attractive to those not in the know.

When a client suggests that they might be better off drafting their own will, however, they’re not necessarily rejecting a professional service; often, they’re inviting us to demonstrate the support and expertise that we can provide for them. Why, then, should these clients forget about filling in their own blank template, and opt for an instruction taking meeting with a professional, instead?

Cost-effectiveness

For many, the DIY route is attractive precisely because it means avoiding the fees charged by professionals. Certainly, having a home-made will can save money in the short-term, but when we consider all that might go wrong – and the knock-on effects this can have at the confirmation and administration stage – then drafting your own will is rarely cost effective (if it’s effective at all!).

Signing defects, for example, can mean that affidavits establishing the validity of a will are required. Even more significant, however, are the various tax implications of the death estate. Without expert advice, it’s unlikely that these will be given due attention, if thought about at all.

Specialist knowledge and jurisdiction

The majority of free templates available to laypersons are based on English and Welsh law. Succession law in Scotland is quite different. It’s doubtful that a layperson would be able to distinguish confirmation from probate, or an evacuation of survivorship from a severance of tenancy. The last thing your client wants is for their last wishes to be lost in translation.

It’s not just the terminology that’s different. Scotland’s forced heirship rules can be tricky to navigate without professional advice. If a client wants to ensure the best inheritance for their beneficiaries, then drawing up their own will can lead to them relying on the imprecise or ambiguous results of google searches rather than the measured advice of a trained professional.

Forward Thinking

Reserve guardians, disaster beneficiaries, gift-overs, trusts: all of these contingencies and protections, and more, should be considered at the will instruction meeting. Professional wills are drafted to be as future-proof as possible, with advisers compelled by the duty of care owed to their clients. A homemade will might work fine if circumstances remain unchanged, but it’s more likely to fall down in the long-term.

Of course, if there is no instruction meeting, then there’s no-one there to ensure that the finer points of estate planning are observed. Unless clients are made aware of the substantial benefits of this service, however, then a homemade will might understandably seem like a good deal. Being ready to explain the pros and cons of a professional service to clients can help to secure more business, of course – but more importantly, it can help to secure the future financial security of their loved ones.

Associates of APS Legal are united by their firm belief in the duty of care they owe to their clients. Whether associates are independent financial advisers offering the full spectrum of advice, or professional instruction takers specialising in wills, LPAs, and estate planning, they work to ensure that the general public have access to a timely and accurate LPA drafting service.

To this end, all of our associates receive in-depth training and full cover under our PI insurance, relating not only to the execution of accurate LPA documents, but to a wide range of estate planning services.

Request Information

Listings Nearby

Looking for something different? Check these nearby listings.

Zoono Services

Be part of the global revolution with a Zoono Services infection and mould control franchise!...

Read More

Min Investment: £29,995

Cleaning Franchises
Zoono Services
(0/5)
YourZone45

YourZone45 is a boutique fitness studio that delivers highly motivating BootCamp style workouts that are focused ar...

Read More

Min Investment: £70,000

Adult Fitness
YourZone45
(0/5)
Your Zone

We are looking for driven, like-minded franchisees to spread our unique fitness brand, and offer a welcoming gym en...

Read More

Min Investment: £30,000

Adult Fitness
Your Zone
(0/5)
Your Mortgage Plus

Build your career, security and future income as a mortgage, finance and protection specialist.

Read More

Min Investment: £19,995

Business Opportunities
Your Mortgage Plus
(0/5)
Your Date

Join Your Date and run an online dating website for a niche area of your choosing. With us, you can work from home,...

Read More

Min Investment: £163,599

Internet Franchises
Your Date
(0/5)
Youngstar

Youngstar is an established network of exciting part-time drama schools. We are specialists in naturalistic acting...

Read More

Min Investment: £

Education Franchises
Youngstar
(0/5)
Complete Your Request