Writing a Will or updating an existing Will is something that we all mean to do.
Unfortunately, most people never get round to it. How do we know this? The vast
majority of deaths registered in the UK do not have a valid Will. You have probably
worked hard and been careful with your money, but you give up your right to have
a say in where it will go after your demise if you have no valid Will. Without this
your estate will come under the Law of Intestacy meaning that the State writes a
Will for you and your possessions are distributed according to this law.
If you have a family - Would you want your spouse/partner or family to face
unnecessary extra difficulties at a time of great distress? Unfortunately, many
families do face immediate financial hardship, as existing liabilities may need to be
paid until Grant of Probate has been received. In some cases the family home has
to be sold simply because no Will had been written.
If you have children under the age of 18 - Would you want to have a say
in who will be guardians? Writing a Will gives you the opportunity to choose
guardians for your children, set up a trust fund for their future, appoint trustees
and decide the rules of the trust.
If you have grandchildren - Do you wish to make provision for them in the
event of the demise of your child, leave them a legacy to help them in the future
or just make sure that they receive that special gift that you know
they would treasure. Writing a Will enables you to do this as
well as giving you the opportunity to set up a trust fund
for their future, appoint trustees and have your say in
the trust conditions.
If you live with your partner -
Would you want to make sure that
they can remain in your home and
continue to enjoy the security that
you have provided whilst you were
alive. If so, write a Will.
If you have Divorced or Re-Married - Either of these events probably will
mean that your current Will is invalid, so you may need to write a new Will. You
may not wish your ex-partner to benefit in the event of your demise so you need
to protect your new family in the event of a claim from your ex-spouse or children.
Re-writing your Will may take care of this situation.
If you have children from a previous relationship - Writing a Will is your
opportunity to offer more financial security for their future.
If you have friends - Writing a will is your chance to reward and say thank you
to your loyal friends showing how much you valued their help and friendship over
If you have your own business - You and your employees
have probably enjoyed a good living from your business over the
years. Writing a Will gives you the chance to make provision for
it to continue, to be sold or to collect outstanding debts?
Failure to do this may mean that by the time
your family gain control
of your valuable
probate, it no longer exists.
Do the right thing . . . Making a Will is the only way to protect your family and give them peace of mind.
Will Writing - Estate Preservation - Tenancy Severance - Probate - Trusts - Power of Attorney - Advance Directives - Business Partnership Agreements - Employment Contracts - Pre-Paid Funeral Plans