Monday, 5 February 2018
Making a Will is one of the most important things you can do to protect your assets and your loved ones
A Will not only ensure that your money, property and possessions go to those you wish to benefit, but also allows you to appoint Guardians to look after your young children, leave legacies to charities and make funeral arrangements. Having an up-to-date Will gives your family the security of knowing they have been provided for and gives you peace of mind because you know everything is in order.
Without a Will, your estate or assets may be divided according to the law rather than your own personal wishes - meaning that your family may be left with considerably less than you would have ever wanted.
Making a Will also makes winding up an estate quicker, easier and cheaper. It can also reduce inheritance tax, the tax which is payable out of your estate on death.
A Will can cover a range of issues, including:
We would recommend always having an up-to-date Will. Your wishes may change, along with the value of your assets, so having an up-to-date Will is essential. We recommend reviewing your Will every 5 to 10 years. If you have an existing Will we can review and, where necessary, update it for you.
If you would like any assistance with a Will then please contact one of our Lifetime Legal team on 01383 721141.