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Over a 100 years the 4.5mm is 450mm pounds. Less than half a billion. What do you expect the liability to the state would be for all the wills getting wiped ou
by asdajksah2123 3y ago
Over a 100 years the 4.5mm is 450mm pounds. Less than half a billion.
What do you expect the liability to the state would be for all the wills getting wiped out, or modified, etc. Another way to think about it is, what would a private company charge the UK government to insure all liability costs of digitizing the wills? Especially since there are likely many individuals who are highly motivated to modify the wills database (many would benefit simply from destroying it).
I don't know the answer to that question, and even though I suspect it will be far greater than 4.5mm, the point is that's the correct way to look at this cost, set against all the liabilities and risks digitization opens you up to. And most never seem to consider the costs and risks of moving to a new system when pointing out the cost of the existing system as a reason to move.
- IanCal 3y agoVirtually nothing? I can't think of anything you'd likely get out of destroying a 25+ year old will. There are time limits for most claims against the executors. They are also planning to keep some number of wills, if you kept say everything over a certain value you'd probably cover the cases you're imagining.