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Storing your Will: the do’s and the don’ts

You’ve spent time completing your Will and making sure it reflects your wishes, but how do you go about storing your Will?

Many people believe you should keep your Will somewhere safe at home, but this is not recommended.

If anything is to happen to your Will and your executor isn’t able to access it, then writing your Will was a waste of time.

Your Will needs to be stored securely and it needs to be easily accessible when the time comes.

Allow whoever wrote the Will to store it on your behalf

Whether it be a solicitor or a trusted Will writer, your Will keeps needs to be kept safe and secure.

If a solicitor writes your Will, they may provide you with a copy and keep one on file. Solicitors can store Wills that they didn’t write, but there will be a cost associated with storage.

Storing your Will with a Will writing service is a more cost-effective option. Each company will offer its own version of Will storage. Damsons’ Wills are stored in a weather-proof, fire-proof safe.

There are small costs associated with storing your Will professionally, often paid annually.

Tell your executor where they will find your Will

There is only one person who should know where your Will is being stored, and they should only access the Will upon your passing.

It is essential your executor knows where to find your Will, and how to obtain it. We advise you don’t just tell them, it should be written somewhere safe.

Your executor should be able to access your Will easily when you die so they can be sure to carry out your wishes.

Keep a copy of your Will for yourself, but only if it is secure

While you must ensure you have access to your Will, it is more important it is kept securely.

Your Will is a private document. If you don’t have somewhere to store your Will that would be considered safe, then don’t keep a physical copy at all.

You can speak with your dedicated Will writer or solicitor to access your Will whenever you need to. The last thing you want is your final wishes getting in the hands of someone you’d rather they didn’t.

Don’t store your Will in a bank safety deposit box

One of the most common mistakes we hear about is from families of those who have stored their Will in a bank safety deposit box.

When someone dies, the bank can’t open the deposit box until the executor gets probate, and probate won’t be granted without the Will.

This situation spells disaster for so many families who are trying to mourn the loss of a loved one.

Always make sure that your will can be accessed without probate.

The most important thing to remember is, no matter where you decide to keep the original copy of your will, to tell your executor exactly where the document is stored. And just in case you forget, you might even want to make a note to yourself.

With Damsons Estate Administration, you can safely store signed copies of your Will, revise, or request copies at any time.

If you haven’t yet written a Will, our helpful team can talk you through the process.

 

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