Daniel Watson discusses DIY wills in the FT Adviser

Daniel’s article was published in FT Adviser, 13 September 2023, and can be found here.

Daniel Watson, Senior Associate in our Private Client department, discusses the risks and realities of DIY wills.

While DIY wills and online templates may appear to be a cost-effective and convenient solution especially for those with seemingly straightforward estates Daniel warns that they often prove to be a false economy. He highlights the case of Ingram v Abraham, where a will created using an online template was deemed invalid due to a lack of formalities and undue influence, resulting in costly litigation and the reinstatement of an earlier will.

Daniel emphasises that the absence of professional legal advice can lead to serious consequences, including wills that fail to reflect the testator’s true intentions or that are open to challenge. He explains that solicitors play a crucial role in ensuring that wills are properly drafted, legally valid, and tailored to the individual’s circumstances. This includes advising on the appointment of executors, structuring provisions for blended families, and using trusts to protect vulnerable beneficiaries or preserve assets across generations.

Ultimately, Daniel argues that while DIY wills may seem appealing, they carry significant risks that can outweigh any initial savings. Engaging a qualified solicitor not only helps avoid disputes and delays but also ensures that the estate is administered in accordance with the testator’s wishes. His article serves as a timely reminder that proper legal guidance is essential when planning for the future.

Read the full article on FT Adviser website [subscription required].