Writing a will is one of the most important legal documents that you will ever create. It is therefore very important that you take as much care in your decision of how you plan to store your will. Although there are no legal requirements stating how you should do so, it is important that your will is kept in a safe place and can be found by your executor upon your death.
For those people who have arranged for a solicitor to write their will, the solicitor will usually keep their will safe free of charge. However, if they did not write the will, they can store it but will charge you for this service.
The Registry of London can securely store your will for the fixed fee of £20. You are required to fill in a simple form with your personal details, that includes the name of your executor. Once stored, you are given a certificate of deposit. This will need to be kept in a safe place as your executor will need it in order to retrieve your will. You can send your will via post, but you need to request a special secure envelope from them, which is free of charge.
You are allowed to store your will in your own home, but you need to think carefully about this option and decide if it is the best choice for you. Keeping your will at home will not protect it from fire and floods that may occur. Your will is also more likely to be lost or stolen from your home. However, if you do decide to keep your will in your home, then you need to choose a safe keeping place and ensure that your executor knows where to find it.
There are now so many companies advertising that they can store legal documents, including wills, that you need to do a little bit of homework and make sure that they are the right company for you. You should check how they intend to store your will, and if they are insured for any damage or theft that may happen. Do they keep documents in fireproof storage boxes? You also need to find out how your executor can obtain your will once you die. It is also important that you clarify the cost for the service, and if any rolling annual payments are needed.