The Importance Of
Persons who do not make a Will cannot control who will inherit their property after death.
In these circumstances, the assets will be distributed according to law, the law of intestacy, which is extremely likely to be against the person’s personal wishes.
In extreme cases, the entire estate may fall to ‘the Crown’ (Government) instead of the people the client actually wishes to benefit.
By, the client determines precisely who inherits the property. Importantly, the client can decide who will handle their affairs after death and who will act as guardian for any dependant children who may be left without a surviving parent.
A Will can also be used to express a person’s preferences for burial or cremation and for donating organs or their entire body for medical purposes. Additionally,provides an opportunity to reduce Inheritance Tax (IHT) liability which is vital where there are meaningful assets.
Still undecided? Read through some of the examples of reasons why you should considertoday.
1 – The Government could inherit leaving your family to struggle.
2 – Your children’s step parent could benefit more from your death than them.
3 – Without a designated beneficiary your prize jewellery and medals could be unwanted and given away or sold.
4 – You may wish to preserve a life by donating a vital organ
5 – You cause a family dispute as they second guess your wishes
6 – Your loved one’s bank account may be frozen untilis granted
7 – You want to protect the family home and keep it away from nursing home fees
8 – It makes sense to spent a relative low amount of money now rather than have your loved ones paying substantial legal bills at the emotional time of your death
9 – Byin your disabled sibling’s inheritance will still be entitled to their benefits
10 – Putting offis unwise as illness can affect everyone including the young
11 – If you have children under 18 years old appoint Guardians in your Will. If you don’t and the worst happens your minor children will be put in the care of Social Services until a Court decides who gets custody.
12 – Common Law Marriage is a complete myth. There is no such thing in English law, so if your partner dies you will not inherit anything without such provisions in a Will.
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