The preparation of your Will is perhaps one of the most important decisions you will ever make as it is the only way of ensuring that your estate will be wound up according to your wishes and that those who you wish to inherit actually do. The fact is that over 70% of the population of Britainhave either no Will or the wrong Will. Without one, the Law can decide.
A Will is a legal directive explaining your wishes on the distribution of your estate on death.
Everybody should have a Will. The harsh reality is death can come at any time and it’s important to ensure our loved ones will not have the stress and financial drain placed upon what is already a difficult situation, along with the lengthy timescales involved if you die intestate.
Common Misconceptions and What you Stand to Lose
‘’I will automatically inherit all of my husband’s estate if something happens to him’’
'’We’re not married but we’ve been together a long time so I will inherit my common law wife’s estate if she dies’’
‘’I don’t have enough to leave so I don’t need a Will’’
‘’My sister will look after the children if something happens to me as she is their Godmother’’
If your spouse passed away, there are prior rights and legal rights to consider, on top of which the entire estate would be thoroughly examined and distributed by the courts. This is an expensive procedure, regardless of the size of the estate. A Will dictates how you wish your estate to be distributed, from property to the smallest item of sentimental value; the fact is we all have something forming our estate which has to be taken into consideration. Godmothers can be a loving and trusted influence on a child’s life in your eyes, but in the event of your death, without a legal guardian, it will be left for the courts to decide. Without proper, qualified assistance, you could be taking a gamble with more than you think.
The fact is, everyone should have a Will. |