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Why you should write a Will

A Will is a very important document that allows you to decide who will inherit your estate when you die. Despite the importance of it, it is estimated that in the UK, up to 60% of adults do not yet have a Will in place.

Here are some good reasons for making a Will:

  • A will allows you the opportunity to make sure that everything you own benefits the people or organisations that you want it to – without a Will this may not always be the case
  • Make a Will to name your children’s guardian. If you have children under 18, the decision as to who looks after them should you die could be left to the Court to decide, if you do not appoint someone yourself
  • Your funeral wishes can be expressed in a Will
  • Tax planning – a suitably structured Will may help the amount of Inheritance Tax that might be payable on the value of your estate
  • A will provides you the opportunity to leave specific gifts to particular people
  • A Will protects your partner if you are unmarried. Unmarried partners are not entitled to anything from your estate unless specifically stated in your Will.

If you do not have a Will, your assets will be distributed in accordance with the Intestacy Rules which may not be in accordance with your wishes. Ultimately, if there are no family members, The Crown will benefit.

Our Private Client team is led by Partner Hannah Furr, a member of the Society of Trust and Estate Practitioners – a professional organisation for practitioners who specialise in family inheritance and succession planning, meaning that you can rest assured that you will be receiving up to date legal and technical advice.

If you would like to know more please get in touch by email here or by calling us on 01604 609560.

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