20/05/2019
Is it really worth making a Will?
Life is full of twists and turns and none of us can be sure what the future holds. That’s why creating a Will makes good sense. It’s no longer seen as something just for the elderly or ill but simply part of sound financial planning for any family or individual.
Approximately 60% of the UK population do not have a Will, yet a valid Will is one of the most important financial arrangements you can make during your lifetime and could save your family and loved ones a great deal of hassle and heartache when you die.
What happens if I don’t have a Will?
Without a Will your assets, such as your house, your bank accounts, savings and investments, even your personal possessions such as jewellery, your car and anything else of value, could be distributed according to the law rather than your wishes.
Why is it important to make a Will?
Getting married, entering a civil partnership, or having children should all be trigger points for getting your Will written. If you aren’t married but setting up home with your partner, it’s probably even more important as your unmarried partner won’t get any of your estate without a Will that leaves it to them. If you and your partner have children, you really need to think about who will look after your children should something happen to both of you. Unless you appoint a guardian in your Will, no one will be legally entitled to take care of your children and an application would have to be made to the court.
If you are not married and have no children your estate could pass to your brothers or sisters or even your parents, which may not be what you want.
If no immediate or more distant relatives are traced, your estate could even end up being passed to the government.
Using a professional
Solicitors who specialise in Will-writing are the people best qualified to write and administer a Will. They are qualified and will meet with you face-to-face and talk through exactly what it is that you want your Will to achieve and advice you on the best course of action in your particular circumstances but most importantly Solicitors are regulated unlike other Will writing organisations.
For your local expert to help you no matter your circumstances, contact Double and Megson Solicitors - Market Deeping today.
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