Why should I make a Will?
Many people want to know why they should make a Will, why making a will is so important and what happens if you die without one.
Wills set out exactly what you want to happen to your money, property and possessions when you die. If you don’t make a legally valid Will, then your wishes may not be honoured.
What Happens if you Die without A Will?
If you die without leaving a Will (dying ‘intestate’), your assets may be swallowed by the state, leaving your loved ones with little or nothing.
Making a Will allows you to specify who receives what and, by law, this must be carried out exactly as you wish. You can choose how you will provide financially for any children or appoint guardians for minors, state who will receive what, make charitable gifts and even detail your funeral wishes.
Reducing Inheritance Tax for Executors
A professionally written Will can reduce the amount of Inheritance Tax your executors pay on the estate. It ensures the probate process is straightforward and can be dealt with quickly, helping to ease your loved ones’ stress at a difficult time.
Preventing Family Disputes
A clearly written Will will also eliminate cause for dispute in your family – a more common problem than you might think.
Making A Will
Leaving a Will gives you the right to make final decisions about your assets and state exactly what you want for yourself and your family, giving you peace of mind and certainty for the future.