Writing your Will is probably something you have thought about many times but have put off for a variety of reasons. Despite it being one of the most important documents you will ever write, a staggering two thirds of UK adults have not made a Will. Dying without a Will can lead to severe financial difficulties and confusion for those left behind which could have been avoided if suitable advice had been sought.

Why should I make a Will?

A Will allows you to make your wishes known and decide how your estate is to be distributed. Knowing that your affairs are in order gives you peace of mind and it ensures that your loved ones have one less thing to worry about during an already difficult time.

Making sure that you have a Will is not enough: it has to be the right type of Will. That is, one that is professionally drafted to ensure that it fully takes care of your wishes and needs. The process is much simpler than you may think, usually requiring no more than two appointments with our specialist in the comfort of your own home.

Advantages of having a Will

  • Specify whom you wish to inherit your estate, in what order and in what proportions.

  • Make specific gifts to family, friends or your favourite charity.

  • Appoint suitable guardians to take care of your young children rather than leaving the decision to the Courts.

  • Create trusts for children to protect their inheritance until an age specified by you.

  • Protect the inheritance of your children or other beneficiaries should the surviving spouse/partner re-marry.

  • Ensure that your partner benefits from your estate.

  • Prevent your share of property from being sold to pay for the survivors future care fees.

  • Avoid paying 40% Inheritance Tax on your estate, so giving more to your chosen beneficiaries rather than the Government.

What if I die without a Will?

A Will is your opportunity to make your wishes known, without one the Government decides who will inherit your estate using the Laws of Intestacy. These rules are outdated and don't take into account modern ways of living, such as unmarried couples who co-habit (in which case your partner may not get anything). In some cases it is even possible for an ex-spouse to make a claim for whole or part of your estate after your death. Don’t let the Government decide who should benefit from your estate- write YOUR Will.

What if I already have a Will? Do I need to review it?

It is recommended that you review your Will every 3 to 5 years or following a change in your circumstances (whichever is sooner). Your wishes may not have changed, but the value of your assets and the law may have. As such, it is very important to ensure that your Will is fit for purpose and still protects your assets and investments, whilst also allowing you to take advantage of the flexibility within the law of estate planning. You have already done the ground work so don’t let your time and money go to waste by not reviewing your Will.

For more information or to book your FREE will review, call me, Danielle at DS Wills & Estate Planning today on 01642 968707. Alternatively, fill in the callback form on this page.