Will-writing kits 'are a false economy'

Will-writing kits or engaging the services of a budget will-writing firm is a "false economy", according to one industry expert.

Mortgage Strategy contributor Eddie Goldsmith advises will-writing firms often have no insurance should anything go wrong, meaning individuals are not covered if a testament is lost or poorly drawn up.

The legal specialist observes: "To make matters worse, it isn't the person who commissioned the will who suffers the consequences of malpractice, it's usually the loved ones to whom they bequeathed their estate."

This suggests will-writing is best carried out using a respected company with experience of probate and estate administration, which may well work out cheaper in the long run.

A proliferation of DIY will-writing kits might be "tempting" for those on a tight budget, notes Mr Goldsmith, but the decision could lead to hidden costs.

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