Making a Will is the only way to ensure that
your wishes are carried out after your death. If you have not made a valid
Will, your property will pass according to the Law of Intestacy. This may not
be what you would have wished. In any event it is likely to take longer to
finalise than if you had made a Will.
During this time your beneficiaries may not be able to draw
any money from your estate. It can mean arguments and distress for relatives.
Making a Will lets your loved ones know that you cared enough to ‘sort things
out’ in advance.
If you are a single person you will
want your estate divided amongst friends, relatives and charities of your
choosing and in the proportions you want.
If you are married, do not assume ‘my
other half will get everything’. Brothers and sisters or parents may have a
claim. Often your children have a right to part of your estate. If you are
living as a couple but not officially married, you may be treated as a single
person and a surviving partner may get nothing at all. One thing you can be
certain of - there will be argument and dispute at a time when the family
should be coping with the loss of a loved one.
Find out who inherits under the Rules of Intestacy:
If you are a parent, you should
consider who would look after your children in the event of your death.
This is particularly important in the case of one parent
families or unmarried parents living together. A valid Will nominating
guardians is invaluable in such cases. If no one knows what you would have wanted,
the Court will decide on the future of your children, and the result may not be
what you would have wished.
If you are retired, you maybe made a
Will a long time ago. It probably needs updating to include additional
grandchildren and you may wish to review the beneficiaries and/or your
nomination of executors.
A
WILL BRINGS SECURITY, REASSURANCE AND ABOVE ALL PEACE OF MIND - NOT JUST FOR
YOU, BUT FOR ALL THOSE WHO DEPEND ON YOU, EITHER NOW OR IN THE FUTURE
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