Relief. After all those years of thinking about it, you’ve finally got round to sorting out your Will. Now all your wishes will be granted when you die, and your nearest and dearest will get exactly what you stipulated. Happy days.
But before you settle down for the evening with that large glass of rose and a family-size pack of Doritos, just where did you leave your new Will? On the kitchen side amongst the dirty dinner plates? Up in the loft, where there’s a few spiders doing some line dancing? No. It’s in the bathroom – you left it there when you popped to the toilet.
The fact is, your Will and Lasting Power of Attorney are the most important documents you’ll ever own, and should be treated with the same care offered when the final paperwork was drafted.
Put simply, you need to make a big decision about how you’re going to look after your will, and let your executor know where it is. You wouldn’t want to lose it, or get it damaged, would you?
So what are your options? There is no specific legislation that states ‘you must do XY and Z with your Will’, so it’s all a matter of choice. But at Wills & Legal Services, all we suggest is that you choose wisely.
Hunting high and low
It’s crucial that your Will is stored in a safe, secure place where others will find it – if your executor is forced to turn your home upside down and summon sniffer dogs to track it down, it could be gone for good, and the whole Will Writing process would be rendered useless. For this reason, make sure you tell your executor where it’s stored. And write it down, too. Make a note of it on the notes in your smart phone, if that helps.
For a fee you could officially lodge it with the Probate Service of England and Wales, but you’ll have to make official requests to take it out again, which may prove draining should you need to make regular changes.
Your local bank’s safety deposit box is another choice that may cross your mind. No one’s going to rob a bank, you tell yourself while watching a documentary
about the Hatton Garden raid. I’ll store it there. But even if you live in the safest part of the country, Brian the Best Banker in Britain won’t be able to help.
You see, when someone dies, the bank can’t open the deposit box until the executor gets permission (probate) – and probate can’t be granted without the will, so you’d have to make sure that the Will can be accessed without this permission. Sound like one big headache? Too right.
Spare the headache. For all these reasons we recommend that your Will is stored away from your home in a fire proof vault. Wills & Legal Services currently stores more than 33,000 original client Wills in our on-site vault.
Wills & Legal Services’ fee for storage is £60 per year for single/mirror Wills which works out at just £5 per month. That’s a small price to pay to keep your treasured requests safe. Call us on 01885 490380 or go to willslegalservices.co.uk/contact to get the ball rolling.