Who Needs To Write A Will ?
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.
Wills For Married Couples & Unmarried Couples
Without a Will it is not certain that your spouse will inherit all your assets. Under Intestacy spouses only automatically inherit £250k of their partners estate plus 50% of the remainder with the balance going to direct descendants. Over past years there have even been cases of mother’s having to sue their own children to gain access to money which has been passed on to due to no Will being in place.
Wills For Unmarried Couples
If you do not write a will your partner may not receive anything. Rules of Intestacy make no provision for unmarried partners. So if you live together without being married it is vital that you both have Wills if you wish to make sure your partner inherits from your estate.
How To Write A Will For People who are Divorced or Separated
If you are separated or divorced you must write a will. Without one there could be a claim on your estate if anything were to happen to you. Anyone in a second relationships should have a clear Will to secure inheritance by their new partners. Without one either an old Will may still be valid or a claim from a former partner might be recognised by the Courts.
Wills For Parents of young children
If you don’t write a will who will care for your children should anything happen to you ? Wills make clear who you wish the Guardians of your under age children should be. Without a Will the matter would have to be decided by the Courts.Without a Will the administration of your assets may also be undertaken by the Courts and much of what the children should have enjoyed be swallowed up in administration costs.
So Why would you not write a will ?
It is amazing to think that with all the importance of a having an up to date Last Will And Testament in place, still 54% of the UK population do not even have a simple Will in place.
Contact us today for advice on how to write a will. We offer a Free No Obligation appraisal of your situation by completing the Enquiry Form on the right of this page or telephone for a free visit and advice.