There have been a few times in my life that I have needed a lawyer, and during those times, their help was invaluable. I worked with lawyers during the custody battle for my kids, when I dissolved the partnership for my business and after I suffered an injury at work. In this blog, I plan to write about the law from a range of angles. I may share posts inspired by my personal experiences, what's popular in the news or what strikes my fancy when I'm writing. I have a daughter, Oliva. I manage a medical clinic, and I love blogging. I hope you like the results. My name is Melinda, and thanks for reading!
Here are two myths about wills and estates solicitors.
Myth: They won't take young people who enquire about their services seriously
Some people think that only elderly people or those with serious illnesses need to write up wills. Because of this, many young people do not utilise the services of wills and estates solicitors, as they think that if they book an appointment to draw up their will when, for example, they're in their twenties, the solicitor will not take them seriously and or might even find the notion of it quite funny.
This, of course, is a ridiculous myth. Most wills and estates solicitors are well-aware that nowadays, there is ample opportunity for young people with entrepreneurial talents to set up their own businesses, to capitalise on their social media accounts and to acquire wealth that previous generations may have taken decades to earn.
Because of this and because, sadly, not everyone reaches old age, these solicitors recognise that it is quite wise and mature for a twenty-something to want to create a will. As such, they certainly won't be scornful of any young person who expresses an interest in using their services.
Myth: Average-earners can't really benefit from using these solicitors' services
Another myth about these solicitors is that there is very little that they can do for people who don't have many assets. Whilst it would be correct to say that a solicitor might need to devote considerably more time drawing up of a will of a very wealthy client who has dozens of properties, millions in the bank and a large number of stocks than they would when creating the of a will of a client who earned an average amount, had no investments and only owned one property, the latter could derive just as much benefit from this solicitor's service as the former.
For example, if the average-earner has a family who have been fighting over their (fairly modest) estate, describing, in a legal document, what they will do with their money when their time comes and informing their family that this document represents their final say on this matter could end these arguments, as even if some of the relatives are unhappy about what they'll receive, they'll know that the matter has been dealt with and that, like it or not, they need to accept it. The relief that this person would experience and the subsequent peace in their family life could be just as beneficial to them as the satisfaction a much wealthier person would get from putting their financial affairs in order in their will.
For more information, contact a wills and estates service today.Share