- Ian at New Approach
The Money Advice Service & New Approach
What the MONEY ADVICE SERVICE says about Will Writing Companies.
Should you use a will writing service?
A will writing service could be a good choice for you if:
You understand the basics of how wills work but want some extra advice to make sure your will is done properly.
You want to pay less than a solicitor would charge, and
Your will is going to be quite simple. For example, if you’re leaving everything to your immediate family and your estate doesn’t include anything like overseas investments or a company you own.
Will writing services – pros and cons
A will writing service is usually cheaper than a solicitor.
Online services let you work at your own pace.
Face-to-face & zoom will writers will usually visit you at home when it’s convenient for you.
There’s a wide choice of companies offering this service.
Regulation isn’t the same as for solicitors, so you won’t have the same protection if something goes wrong. New Approach Wills is regulated & insured.
Not many will writers are fully legally qualified – but if they’re a member of a recognised trade body, they have been trained in wills and estate planning. Our will writers are legally qualified & belong to SWW
They might not be able to store your will securely like a solicitor can. New Approach has approved storage facilities.
Using a will writing service – before you start
Choose a service that has at least £2 million of professional indemnity cover - if things go wrong, this gives you a better chance of compensation. New Approach Wills has full indemnity cover
Check that the service belongs to one of these organisations:
The Society of Will Writers. We are members.
The Institute of Professional Will Writers
Members of these organisations must:
Have training that’s regularly updated
Be insured to cover legal costs if your will is challenged, and
Follow a code of practice approved by the Trading Standards Institute
New Approach Wills, ticking all the right boxes.
Will writing services – pros and cons - Money Advice Service