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Do I need a Will?

The truth is everybody needs a Will, whether you are married with a family, single with no children, young or old, yet around 60% of adults in the UK do not have one. If you die without leaving a Will, your Estate will be divided according to the law which might not always be the way you want. Making a Will puts you in control of what happens following your death.

There is a common misconception amongst the public that a ‘common law marriage’ exists, despite this not being a recognised status in law for over 260 years. As a result many people believe that their partner will automatically inherit their Estate if they die, but this is not the case. If you are married then your spouse will automatically inherit from your Estate however if you are not married, the only way to ensure your partner is protected is to write a Will. 

Leaving behind a Will makes dealing with your affairs following your death much easier for your loved ones. Dying without putting a Will in place can cause unnecessary grief for them at an already difficult time.

In your Will you can leave instructions for your loved ones about numerous things such as:

  • Who will be in charge of carrying out your wishes
  • Who gets any personal belongings
  • Who you wish to look after your children
  • Who you wish to look after your pets
  • Your funeral wishes
  • Who gets your house
  • Who gets your savings

Getting advice from an expert about writing your Will can also help to reduce any potential Inheritance Tax liability.

Of course many people are put off of writing a Will as they do not want to think about a time when they will not be here, but making a Will does not need to be an unpleasant process. A Will is one of the most important things to have so don’t put it off any longer. Contact us to speak to our team who can advise you based on your personal circumstances. 

Posted in: wills, probate, trusts

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