Why should I get a Will?
Around 60% of people in the UK have not made a Will, they simply do not want to think about it. It is extremely important to make sure you and your family have a Will, should the worst happen.
Your Will tells everyone what you would want to happen to your possessions, money and property when you pass away. Collectively these are known as your ‘estate’. If you pass away without a Will, the law decides what happens to your estate, and this may not be what you would have wanted.
It is easy to make a Will, and it will save your relatives unnecessary distress at an already difficult time. A Will makes it much easier for your family or friends to sort everything out in line with your wishes. Without a Will, your friends and family may not end up inheriting certain aspects of your estate, plus having a Will can reduce the amount of Inheritance Tax your family will have to pay on your estate.
Writing a Will is especially important if you have children or financially dependent family, or if you want to leave something to friends or extended family.
Our dedicated solicitors, can advise you on the best course of action when writing your Will, and help by ensuring your Will is completely valid.
Your Will is important for letting your loved ones know your wishes:
- Who should have your property, money and possessions.
- Who will be in charge of organising your estate and following the instructions you leave in your Will.
- Instructions for other wishes, such as whether you would like to be buried or cremated.
For a Will to be valid it must:
- Show how your estate should be divided when you die.
- Be signed and dated by you and two witnesses.
- Be made when you are able to make your own decisions.
More complicated situations mean more time and thought needs to be taken when writing your Will, whereas if you want to leave everything to your immediate family, the process if relatively quick and easy.