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A Will is a legal document whereby a person expresses their wishes as to how their estate is distributed on their death. An estate is everything a person owns and includes property, finances and personal belongings.
Estates can be of both high and low value, which means you don’t need to have fortunes to have a Will!
Everybody needs a will. You need a will to ensure your wishes are respected and your loved ones are looked after once you are gone. Having a will also makes it much easier for your family to sort everything out after your death. Losing a loved one is a distressing time for anybody to experience although the added stress and pressure placed upon a family when no will is left, can easily be avoided by having a will.
Having a will can also help in reducing any inheritance tax that might have to be paid on the value of property and money you leave behind.
Complete peace of mind in knowing those you love are looked after once your gone.
If you die without a will the law will be in control of your estate and will decide for you what happens to your belongings. This might not in line with your wishes and often leaves families not inheriting what they thought they would and more importantly, not what you wanted.
Passing without a will is called dying ‘intestate’. Take a look at the rules of intestacy on the Blog Page to see exactly how your estate would be distributed – you may be surprised about who would get what!