Why Should You Make a Will? |
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To avoid dying ‘intestate’ (without a Will) and allowing your possessions to be distributed according to the Law of Intestacy. In your Will you can appoint a Guardian, a person of YOUR choice to look after YOUR children, should you die before they reach 18. Administering an Estate, with a Grant of Probate, where there is a Will, is far quicker and cheaper than without. Why give banks and solicitors money that may be needed by your loved ones? It is commonly believed that husbands and wives are automatically entitled to inherit everything from each other. This is NOT the case. If you are not married, then your partner will NOT inherit your estate, certainly not without a long and expensive legal battle. Increased property values may make your Estate liable to Inheritance Tax (Death Duties). These can be minimised or even eliminated by a carefully written Will. You may want to leave something to friends, colleagues or charities. This will only happen if you have made a Will.
In the time it takes to read this section, someone, somewhere will have died intestate - that is without leaving a valid Will. For these people, the Government has written a standard Will, which will almost certainly contradict what their wishes would have been...
The absence of a Will can cause heartbreak, financial hardship and unnecessary
expense for your family at the worst possible time. For a small investment of time and money YOU can write what YOU want in YOUR Will, protecting your loved ones whilst enjoying peace of mind.
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Lifetime Financial Management Ltd, registered in England and Wales, registered Number 3652194. Registered address: 1st Floor, City Gate, 17 Victoria Street, St Albans, Herts, AL1 3JJ. Director: Paul Merrigan. |
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