In fact, rather than just thinking about it, why not start to put things in place to make your wishes known and safeguard your family once you are gone?
Making a will doesn’t mean you are going to die – unfortunately we have encountered people who have this superstition. We’ve also heard from some who say: “But I don’t have much money, why do I need a will?”
Neither of these states of mind should stop you having a will – especially if you want to make sure your family are in line to receive what you consider owed to them should the worst happen.
Having a will is not complicated. But it is very important.
When someone dies without a will, it can be very difficult, with problems causing untold stress for those left behind. You may feel it should be “obvious” who inherits your estate – but unfortunately, the law disagrees with you.
If you die without making a will, this is known as being ‘intestate’ and a lengthy and complicated process ensues as the law settles who gets what.
Seek expert guidance from a trusted will writer – they can advise the right approach for you and your family. Having a will does not mean there’s a ‘one size fits’ solution. Beware of ‘off the shelf’ or Internet-based will services. You need peace of mind that you have everything covered. This comes from talking to an experienced will writer who takes time to understand your unique family situation.
Types of will
Single
Your own will. You can make one from aged 18.
Anyone over the age of 18 can make a Will. We make it super easy with our online will writing service you can find here.
Mirror
These are often chosen by married couples. They reflect each other’s wishes. This may also be known as a ‘joint’ will but in reality this is still two separate documents.
Living
Also known as advance directives. For those who wish to have an agreement that comes into force while they are still living and outlines wishes including what medical treatment they do or don’t want.
Protective property trusts
This is a will that allows you to protect your home should certain events take place in the future – protecting it from either residential care fees or from being inherited by the children of your spouse’s second marriage.
Think about your finances
Do you know how you stand when it comes to inheritance tax? Speak to a financial adviser on how best to ease this burden.
You also need to consider where you want your assets to go in the sad circumstances of your dying before you.
Review your will regularly – as your circumstances change, so should your will.
And finally. . .
Store your will in a safe place, don’t let its contents remain a mystery – tell your family where it is.
- If you would like to get the most up to the minute advice about what should be in your will and an expert team to guide you through the process, we can help. Contact us for more details of our confidential service.