A Will is an important document. People often assume that a Will should be made by the older generation. The truth is many people require a Will despite the statistics showing that the amount of people that have a valid Will is remarkably low.
What is a Will?
A Will is the paperwork that shares your wishes once you are no longer here.
You can use a Will as a tool to ensure that the way you have behaved in life is reflected by your estate actions after death. You will be able to pass your property and belongings to whom you choose. You will be able to avoid the people you do not choose. You will be able to incorporate protection for anyone you wish to benefit following your death.
You may use your Will to exclude any ex-partners or spouses.
You may use your Will to decide who will be responsible for your minor children or disabled dependents.
You will be able to explain and set out your wishes for cremation or burial or body donation, releasing your loved ones from having to make these decisions.
You may be able to use your Will to mitigate any inheritance tax issues that you may have.
Why is it important?
If you do not have a Will, the government set rules will apply. These are known as the intestacy rules. If you would like to find out how your estate would be shared without a Will please visit https://www.gov.uk/inherits-someone-dies-without-will
You must be aware that most importantly the law does not recognise couples that are not married or the modern-day family units. In addition to this the law does not recognise that a married couple that are separated may not wish the other party to inherit.
Without a Will you will not have a say in how your estate is distributed.
Should you wish to make an appointment and discuss your circumstances, please contact us.
