DH and I are about to emigrate to Australia and we need to set up wills before we go.
I know nothing about wills - do we need one each, or can we do a joint one? It will be very simple, the main thing it specifies is that my sister will become guardian of our children in the event that we both die.
We have a tight budget for emigrating, so I'd rather not eat into it too much, but we need it all finalised within 5 weeks, and I want something that involves limited paperwork on our part as we're just so busy until we go.
If we get one drawn up by a solicitor, how much should we be paying?
We had mirror wills - the terms of both our wills are the same. Cost was about £250 I think. Was all done in just over a week. Only paperwork needed was ID for both of us. Solicitors will store the will securely - which I presume will be important to consider if emigrating - where are you going to keep it? (sorry, slightly bizarre thought but still...)
Just something to consider will Australian law recognise a UK will. I don't know the answer, but have a friend who is currently trying to sort out the mess from a sibling who wrote a UK will went to live in a different country and that country did not recognise the UK will with relation to property held in that country.
The rules are pretty simple on international jurisdiction; when a testator makes a will in England and Wales and is habitually resident here, but there's a foreign element, the Will will state that it covers all assets everywhere in the world except for real (ie bricks and mortar) property abroad.
So lots of my clients have holiday homes in France, Spain etc together with bank accounts there. Their English wills cover their bank accounts but they need to make a separate will in the other country covering purely their real estate there.
So your friend's sibling, when buying a house in the other country, should have written a will covering that house which would act in tandem with his English will.