Do you have a valid Will? If the answer is yes, congratulations, you are among only 33% of adults in the UK who do. If you answered no, you are unfortunately among the majority of people who haven’t made plans for what happens to their assets when they die.
Having a Will is not a luxury. It provides peace of mind for you and your loved ones.
Here are my top 10 reasons why you need a Will (plus an extra 2 for free!)
- It is the only way to ensure that your estate is distributed according to your wishes
- You can appoint guardians to look after your children if you die before they reach the age of 18.
- You avoid intestacy (dying without a will) which is a lengthy and time consuming process for your family.
- It is the only way to appoint executors. These are the people who carry out your wishes when you die.
- A Will can also be used to create a Trust and to nominate Trustees to look after your assets for vulnerable family members.
- To ensure that in case of co-habiting (unmarried) couples your partner gets a share of your estate
- To ensure that children from previous relationships are provided for
- To provide for disabled family members without affecting their benefits.
- To control where your money goes if you have no surviving relatives
- To undertake tax planning for the future
- To protect beneficiaries from themselves and others
- To protect your business assets for future generations and claim business property relief
Intestacy (dying without a will) can lead to many difficulties for your family, including
- Long time delays
- High expenses
- Stress for those left behind
- Damage to family relationships
- The family home may need to be sold to pay for probate or taxes
- You have no control over who gets your hard earned assets
We don’t know what’s around the corner for any of us, so with just a little bit of planning and the help of a Will Writer you can have peace of mind and know that your wishes will be followed. If you don’t have a Will yet, which may be because you’re still very young, haven’t got around to it or if you have completed a “do it yourself” Will and would like to have it checked, then please get in touch.
It is also important to note that if you marry or remarry your previous Will is voided (made invalid) unless the Will was made in contemplation of the marriage. Divorce does not void a will completely but it voids any bequests to your ex-spouse, so you may be partially intestate.
I, Amanda Harris, am a trained lawyer and a member of the Society of Will Writers. I visit my clients in their own homes at their convenience and am based in West Bridgford, Nottinghamshire. You can find out what my clients have said about my work on my website www.alhlegal-willwriters.co.uk/testimonials or get in touch by phone 0115 8780417 or email at firstname.lastname@example.org