Storing a Will Safely

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Once you have drafted, printed, signed, and had your will written, it is paramount that your will is kept in a secure location, both to ensure that it’s upheld upon your passing and to prevent any unnecessary stress or dispute for your loved ones.

Let’s explore the best options for storing your will safely.

Using a Solicitor or Professional Will Writer

Many people in the UK choose to write their wills with the assistance of a solicitor or a professional will writer. These professionals usually offer secure storage services:

  • Advantages: This is often the safest option because solicitors have secure, fireproof storage specifically designed for important documents. They’ll also be available to provide the will when needed, ensuring its legitimacy.
  • Disadvantages: There may be an annual fee associated with storing your will with a solicitor. It’s crucial to ask about these costs upfront.

Bank Safety Deposit Box

Some banks offer safety deposit box services where you can store valuable items, including documents.

  • Advantages: Your will is stored securely and is protected against fire, theft, or other potential damage.
  • Disadvantages: There’s typically a rental fee for a safety deposit box. Furthermore, upon your passing, the bank may seal the box until the executor provides the appropriate legal paperwork, which might delay access to the will.

Storing at Home

If you decide to store your will at home, use a waterproof and fireproof safe.

  • Advantages: You have direct access to your will whenever you need it, and there are no ongoing costs.
  • Disadvantages: The risks of theft, fire, or accidental damage are higher. Moreover, there’s the potential that it may not be found if your family isn’t aware of its location.

Storing with the Probate Service

In England and Wales, the Probate Service allows you to deposit a will for a one-time fee.

  • Advantages: It’s a secure option provided by the government. Upon your death, only the named executors or a personal representative with a grant of representation can access the will.
  • Disadvantages: You’ll need to pay the deposit fee, and if you wish to update or withdraw your will, you’ll need to go through the Probate Service’s procedure.

Will Storage Companies

There are companies dedicated exclusively to the storage of wills and other important documents.

  • Advantages: These firms specialize in the secure storage of legal documents and often incorporate measures like fireproofing, security patrols, and advanced alarm systems.
  • Disadvantages: As with many specialized services, there might be associated fees. It’s essential to research and select a reputable company.

Tips for All Storage Methods

  • Inform key people: Ensure that your executors or close family members know where your will is stored.
  • Keep a copy: Always keep a copy of your will, clearly marked as a copy, so the original isn’t accidentally mistaken for a duplicate.
  • Update regularly: Circumstances change. Review and, if necessary, update your will every few years or after significant life events, and ensure it’s stored securely.

Wherever you decide to store your will, it’s essential to ensure its safety and accessibility. This not only ensures that your wishes are upheld but also minimizes the potential distress or complications for your loved ones during an already challenging time.

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