Death is not something most people like to think about, but if you were to pass away today would your estate be taken care of? If you’re not confident with your answer, putting a will in place is a great solution to offer you some peace of mind
For those without a will, the government decides who gets your money and your property. This can often cause disputes among family members which may even result in needing a solicitor to resolve them. On top of the grief, it can cause a financial nightmare for the people you care about as your affairs can be in limbo for years. This potentially means being unable to pay the bills as the bank’s locked off the money.
In spite of this many people still don’t have one, either they don’t want to think about making a will or are worried about the cost. So…
Whatever you age, if you have assets such as a house, savings or a business, then you need to safeguard these via a will. This way you ensure that those you would like to pass your estate and possessions on to are the ones who end up receiving them.
Making a will can save months or years of grief for your loved ones. Here are just a few reasons you consider putting a will in place:
Safeguard your estate – Ensure your estate is inherited by those you have selected. By not having a clear will, things like inheritance tax could be higher, reducing the value of your overall estate for those who are entitled to it.
Children – If you have children or step-children under 18, you should choose who will look after them and ensure there are funds to help.
Unmarried couples – The law doesn’t really recognise this, so don’t expect anything to go to your partner if you don’t make a will.
Divorced – You may want to update your will to include what happens to your assets if a previous partner remarries.
Specific funeral plans – If you know what you want your funeral to be like, you can detail it so that your family doesn’t have to make the decisions.
Getting your will set up is important for everyone to consider and can be done easily. Get your free no obligation quote today and find out more about setting up your will. Simply click Apply Now below to begin!
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