Professional Will Writers
We probably all understand that we should have a Will but the reality is that most of us don’t have one. It’s important to understand what will happen to our estate if we die without a Will (intestate).
Why Do I Need a Will?
Why Should I Make a Will?
The reality is that not many people have a will, in fact only 27% of 16 – 54 year olds have a will in place. If you do not have a will, you must understand the consequences that come with it. Without a will, none of your intentions may be completed after you death. One thing that may happen is arguments and distress for relatives and friends. If you have not made it clear where you want your belongings to go after death by not having a will, relatives may argue about who gets what. Another thing that may happen is your possessions and savings get given to the Government. The Government have been given access to an estimate of £8m as a result of people not having a will. Either of these situations may not be in your intentions after you die, therefore the way to ensure your wishes are carried out is to create a will as soon as possible.
You might want your estate divided
amongst friends, relatives and charities
of your choosing
and in the proportions you want.
Maybe you made a Will a long time ago.
It probably needs updating to include additional
grandchildren or deletion of persons you no longer
feel you wish to leave anything to.
Don’t 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 arguments and disputes at a
time when the family should be coping with the loss of
a loved one.
You should consider who you would like to
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 it may
not be what you or your children
would have wished.
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 lead to arguments and distress for your relatives.
FUNERAL PLANNING SERVICE SUTTON COLDFIELD & LICHFIELD
A prepaid funeral plan is one of the best ways to ensure your funeral wishes are taken care of and paid for in advance, as it guarantees to cover the cost of the funeral services included in the funeral plan. Save your family from difficult decisions in the future nationally funeral costs have increased by 90% since 2004. If you’ve ever had to plan someone’s funeral you will understand what a distressing and expensive experience this can be, a funeral plan provides your loved ones with all the love and support they will need at this difficult time.
To Discover More About Cedar Legacies Funeral Planning Service in Sutton Coldfield & Lichfield
