Your Will is perhaps the most important document you will ever write
Government statistics show that 60% of the UK population do not have a will.
Coping with the passing of a loved one can be difficult at the best of times without the added pressure of having to spend time and money trying to put the deceased’s affairs in order.
The concept of estate planning may sound complicated but with the correct advice it can be very straight forward way of arranging your assets in a way that means more goes to the people that matter.
Making a will is essential if you want to be certain that your wishes are met after you die. A will is the only way to ensure that your money, property, possessions and investments go to the people that you care about.
There are some very good reasons to consider making a will:
- Provide security for your loved ones
- Protect your assets through the use of trusts
- Ensure children are looked after by people you trust and that money is available for their upkeep
- You can make gifts to charities that you care about
- You can reduce or avoid losses to Inheritance tax
- Choose who will benefit from your estate as well as what and how much they are entitled to
- Save your loved ones spending unnecessary time and fees during probate
- When you die without a will it is deemed you have died ‘intestate’ and your estate may be distributed in accordance with the laws of Intestacy. This means:
- The government dictates who will administer your estate
- Delays in administering your estate
- Unmarried partners are at risk of inheriting nothing from the estate
- Your children may not inherit from your estate
We have specialist and fully qualified advisers who will be able to guide you through the process of making a will. We will discuss your needs and discuss what options are best for you in a way that you can easily understand.
If you already have a will it is important to remember to make sure it is up to date and reflects your current wishes.
*Note: The FCA does not regulate will writing.