Why it’s important to have a will
A will is vital if you want to ensure your assets be they property, investments or belongings go to who you choose.
Dying without a will can cost your estate more than dying with one because of extra legal fees to sort out an estate without instructions from a will.
Without a will your assets have to be distributed according to laws of intestacy, so even if you have lived with a partner for years if you die without a will your estate will go to your relatives and your partner will be ignored and estranged family members could be included in the list of beneficiaries.
Writing a will enables you to explore tax efficient ways to leave your assets.
You may wish to leave something to charity, this can be specified in a will.
Even if you have written a will in the past it is important to keep it updated, events such as marriage means a new will is needed.
Life events such as divorce or separation will mean you will want to look at your will.
You can stipulate in your will the kind of funeral you would like which can help your loved ones make decisions at this difficult time.
These are just a few reasons to consult a professional regarding a will. It doesn’t cost a lot to get a simple will drawn up.
Making plans for your estate can solve a lot of heartache in the future, what better present to give to your family than a well written will?
For more information on wills please call Kate at Attwood’s on 07806301328