Secure Document storage - why it matters
Are your clients aware of the difficulties that their families could face if their documents can’t be found after their death? Do they know that if their Will can’t be found, the law presumes that they must have destroyed it, meaning that their last wishes will not take effect?
There are a range of consequences that stem from lost documents, including the fact that those who were intended to inherit might not. Family relationships may be damaged, and ultimately ruined, with the cost of the loss of those relationships hurting more than the loss of the inheritance. These case studies show how important it is that your clients consider using safe storage solutions:
Case Study 1 – Mrs Jones
This was frustrating and upsetting for her children and caused them extra difficulty in their relationship with their father, who would not agree to vary the assets to them that passed to him under intestacy. If the original signed Will had been stored and could have been located on her death, Mrs Jones’ wishes would have taken effect.
Case Study 2 – Mrs Smith
If the original Will had been stored and could have been located on her death, it would not have been necessary to incur extra time and cost obtaining affidavits from witnesses and applying to the Probate Registry in the hope that they would admit the copy of the signed Will. Notice would not have had to be given to the different classes of beneficiary under the Will and intestacy, risking litigation and causing ill feeling between various family members.
Case Study 3 – Mr Williams
If the Wills Mr Williams made had been stored, there would have been no reason that the beneficiaries would have been aware of the contents of any previous Wills. They would not then have had the upset of being made aware that at various times throughout Mr Williams’ life he had changed his Will and treated them differently throughout.
If you choose to store with us and your documents are destroyed by fires or floods, we can lodge an electronic version with the Probate Registry, and as independent professionals, affirm that we held the original and it was not returned to the client.
These case studies show how important it is that your clients are securely storing their Wills and legal documents in a place where they can be easily found. Safe storage of legal documents is one of the most important services you can offer. It is peace of mind for your clients that their last wishes will be carried out.Written by Countrywide Tax & Trust Corporation Ltd.