Without a Will, how do you know your loved ones will be taken care of in the future?
Making a Will could be the most important thing you do and for most people it’s simple and straightforward. Your Will details your personal wishes (individual to you) and it gives you the peace of mind that your loved ones will be looked in the future. This lets you get on with enjoying the other important things in life! Without a Will, it’s the law (not you) who decides what will happen to your estate and depending on your individual circumstances and that may not be how you would choose.
Why do you need a Will?
Whether you are single, married, have children or not, own a property or rent, everyone should make a Will. You may think you have very little to leave, but if you think about your assets such as cars, jewellery, property and even sentimental objects, who would you choose for these to be passed on to? If you have children, you do need to have some plans in place for them, such as who would look after them and to make sure money you leave goes to them at the correct time.
Here are some important reasons to make a Will
- If you don’t make a Will, the law (and not you) will dictate where your money will go. It is not always certain that your spouse, or even your children, will get your money in that case.
- It costs far more to correct the mistakes in a homemade Will than it does to prepare a properly drawn up Will in the first place. It could cost thousands to rectify an error.
- If you have been married more than once and have children with each partner, a Will is the best way to ensure all of your children benefit how you want them to.
- Your Will may be out of date because of a change of circumstances. Your Will needs to be reviewed regularly to ensure it says what you want it to say.
- What happens if you die and you have young children? If the unthinkable were to happen, who would you wish to step in and be responsible for their day to day care?
Get in touch – we can help you
If you need help and advice about your Wills, simply contact our experienced and friendly team on 01623 45 11 11, they will be happy to help you.