Issue:
4908
/
Categories:
Comment & Analysis
, fraud
, real estate investment trusts
, wills
, Inheritance Tax
Don’t do it yourself
Key points
- The case of Henrietta Ingram and another v S Abraham highlights the perils of using DIY wills.
- The risk of DIY wills not covering all eventualities and not reflecting clients’ intentions is considerable. There is also the risk of fraud and abuse by unscrupulous family members.
- It is advisable to use a solicitor to prepare a will even if the circumstances appear to be straightforward.
- Private client lawyers would invariably advise on the possibility of putting in place lasting powers of attorney.
- Obtaining medical capacity assessments can be invaluable.
- A solicitor will ensure that will formalities are carried out correctly – which will not happen with a DIY will.
- Customers sometimes need to instruct solicitors to correct documents prepared by unregulated will-writers.
It is quite understandable that people may be attracted by the idea of preparing a ‘DIY’ will without involving a solicitor; or by the...
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