Why you should make a Will
Over two thirds of the population haven’t made a Will. We highlight 10 reasons why you should make a Will.
Our 10 Top reasons why you should make a Will
- You get to decide what happens to your assets on your death. Without a Will, your estate will pass in accordance with the rules of intestacy which may not be how you wish your estate to be distributed.
- You can decide who deals with the administration of your estate. These are your Executors.
- Having a Will makes it easier for family and friends to deal with your estate and there is less likely to be conflict as to who gets what.
- A Will, if properly drafted, can reduce the amount of IHT payable on your estate
- You can choose who you wish to appoint as guardian(s) to any of your children under the age of 18 years.
- You can leave a specific amount of money or a specific item, e.g. a family keepsake, to an individual person.
- In a Will you can create trusts to help preserve wealth for future generations and protect vulnerable or disabled beneficiaries
- If you have children from a previous marriage or relationship, you can make provision in your Will for them to ultimately inherit your estate but still provide for your current partner or spouse.
- A Will protects couples who have not married or entered into a civil partnership. Without a Will, they may receive nothing.
- The absence of a Will can sometimes lead to disputes within the family.