Making A Will
Amazingly statistics show that approximately 70% of people have not made a Will. Without a valid Will your estate will be distributed according to Laws of Intestacy. Your family will have no say as to where your assets will go but more importantly if you have children and you have not nominated Guardians for your children then the Social Services will determine who will bring up your children, probably not what you wanted!
Making a Will is probably one of the most important documents you will ever write. Making a Will ensures that:
- You can determine who will benefit from your estate
- You can make sure your children are brought up by the the guardians of your choice
- You can make sure that people you trust are nominated as executors to take your Will through probate and your assets are distributed to the correct beneficiaries
- You can mitigate Inheritance Tax on your estate
- Your family home can be protected from being used to fund Long Term care costs (by using a Protective Property Trust within your Will)
- Specific items such as family heirlooms are passed down to the beneficiaries of your choice
- You can exclude people from benefiting from your estate if you don’t want them to.
- Unmarried partners receive assets that you wish them to receive. (Unmarried partners are not entitled to any part of your estate if you don’t have a Will in place)
- Your estate is distributed much quicker as Probate is much easier with a Will in place. This will also save your estate a lot of money in probate fees.
- You have complete peace of mind that your affairs are taken care of as you wish them to be.