Why Make a Will?

GOVERNMENT FIGURES SHOW

60% of the UK's adult population have no Will
60%
35% of over 65’s in England and Wales have no Will
35%
Only 17% of people aged 45-65 have Wills
17%
Less than 13% of under 45’s have Wills
13%
52% of Wills that have been made are out of date
52%

DON’T BE A STATISTIC

Your Will is perhaps the most important document that you will ever write.

Making a Will is the only way to ensure that your wishes are carried out after your death, and with a well-drafted Will you can:

  • Choose who will benefit from your Estate, as well as what and how much they are entitled to.
  • Safeguard your children’s futures by appointing guardians to look after them if they are under 18.
  • Appoint people you trust to act as Executors and administer your Estate.
  • Protect your assets through the use of Trusts.
  • Mitigate Inheritance Tax liabilities on both your Estate and your beneficiaries’ Estates.
  • Leave legally binding gifts of money or personal items to loved ones and charities.
  • Save your loved ones spending unnecessary time and fees during probate.
  • Exclude certain people from benefiting from your Estate.

WITHOUT A WILL

Most of us know how important it is to write a Will, but worryingly there are many people that don’t know what happens when you die without a Will.

If you die without a valid Will, you have died “intestate” and your Estate shall be distributed in accordance with the Law of Intestacy. This means:

  • The Government dictates who will administer your Estate, and they may not be the people you trust the most with your family’s inheritance.
  • Delays in administering your Estate, as there are 6 months in which claims can be made against the Estate.
  • The Government dictates who will benefit from your Estate, as well as what and how much they are entitled to.
  • Unmarried partner’s are at risk of inheriting nothing from your Estate, and could be forced out of your shared home.
  • Your children may not inherit your Estate, or their entitlement may be so much that it forces the sale of your family home and other assets to meet their inheritance.
  • Your minor children may be put into care by Social Services, whilst the Court decides who shall look after them.
  • High potential for (otherwise preventable) arguments and distress for your loved ones at what is already a very difficult, emotional time.