Q. Why do I need a Will?
A. The vast majority of people put off making a Will for a variety of reasons, either believing that the people they would wish to inherit will automatically do so, or because they don’t think it is relevant to them at this particular time.
The reality is that you can put off making a Will until it is too late and this poses all sorts of problems for the people left behind and could mean that some or all your inheritance either goes to the wrong person or to the State.
Affording you Peace of Mind
Firstly, and most importantly is the peace of mind making a Will provides.
Making a Will enables you to plan exactly what will happen to your property (Estate) following your demise. This ensures that those you would like to benefit actually do so, in accordance with your wishes and at the same time, avoiding any possible disputes between relatives.
For a small investment of time and money, you can choose exactly what you want in your Will, protecting your loved ones, whilst enjoying peace of mind.
Q. Who needs to make a Will?
A. The answer is Everyone. In particular, anyone with dependant relatives, (children under the age of 18, elderly relatives or relatives with a disability who have special needs), anyone who owns property or has any type of asset which you would wish relatives, friends or charities to benefit from.
Q. But won’t everything go to my husband/wife/civil partner/parents/children, etc, automatically?
A. This is a common misconception and depending on the size of your Estate, there are set rules (Rules of Intestacy) that are applied, to determine who inherits and how much, if you do not make a Will.
Q. So, what happens if I don’t make a Will?
A. This is called dying Intestate. There are specific rules of intestacy that set out who will inherit and by how much, if you do not leave a valid Will, this may not be what you would have wished and in the worst-case scenarios, where relatives cannot be traced, your assets will be taken by the Crown.