• Basic Wills from £150.00
    Basic Wills from £150.00
    Without a valid Last Will and Testament any assets you leave on death will be distributed according to the Rules of Intestacy. These rules lay down a rigid method of estate distribution and make no account of your wishes. Click the image to read more...
  • We realise that most people haven’t experienced probate before. Probate is the administration of a deceased’s Estate by the appointed “executors” in the Will, usually family members. At an already difficult and emotional time, the complexities of executing a Will and establishing any appropriate Trusts can be an arduous task. Click the image to the left to read more...
  • Inheritance Tax is simply a tax on money or possessions you leave behind when you pass on.It can also apply to some “gifts” you make during your lifetime. It is therefore vital that you receive professional Inheritance Tax Advice on your position to minimise the impact and tax paid should the worst happen, ensuring that your loved ones receive as much of your money as possible. Click the image to the left to read more...
  • Without a valid Last Will and Testament any assets you leave on death will be distributed according to the Rules of Intestacy. These rules lay down a rigid method of estate distribution and make no account of your wishes, unless you write a will. Click the image to the left to read more...
  • Lasting Powers of Attorney from £195
    Lasting Powers of Attorney from £195
    Often serious illness or accidents strike without warning. Last year, for example, approximately 130000 people suffered strokes. Without a Lasting Power of Attorney being available this is when it becomes difficult... Click the image to the left to read more...

More than 50% of people do not have a will

The Telegraph newspaper reports that around 57% of people currently do not have a will, rising to 65% among those who have children aged under 18, these findings were published on www.unbiased.co.uk .

Very recently the same newspaper reported the untimely death of celebrity Stephen Gately who died intestate and whose net estate had to be divided between his civil partner and his elderly parents.

Unsurprisingly, young people are the least likely to have planned ahead and made a will, with 88% of people in their 20’s failing to write one. But 1 in 4 people in their 60’s has also failed to set out who they want their money and belongings to go to, rising to 41% among those aged between 50 and 59.

If anyone dies without making a legal “last will and testament” their assets are classed as being “intestate” and are divided up according to set guidelines.

Under these guidelines, married couples automatically inherit only £250,000 of their partner’s estate. Over the past years there have been cases of mother’s having to sue their young children to gain access to money which has been passed on to them when no will was in place.

The main reason people gave for not having a will was that they had “not got around to writing one yet” while others said they had nothing of value to leave behind. Around 14% said it had never occured to them to write a will other reasons were the cost of setting a will up and indecision about who to leave their estate to. Indeed 10% of people said they had not written a will because they did not know how to go about it.

It is important that you take the time to plan for your future and more importantly your family’s future by having a detailed will put in place. Most importantly, having a Will in place can help avoid worry and stress at an already difficult time.

Call Lincoln Wills today to arrange a Free No Obligation Home Visit to discuss your options.