Writing a Will
Nobody likes to dwell on their own demise but when you have a family that relies on you, it is vital to plan ahead. Making a Will is an important part of planning for the future of your family. None of us know what lies around the corner and there are many people who meet with an untimely death. If you have not made preparations, your family and loved ones could be left facing serious issues when it comes to finances.
By making a Will you can ensure that when you pass away, whatever the cause, your assets can be passed to the beneficiaries of your choice. When you have a Will in place, you can basically ensure that your wishes are known and followed. This means that your children, partner, and other family members won’t end up suffering because they will receive whatever assets you have outlined in your Will.
In short, your Will helps to protect your assets and possessions not just in the short term but also for future generations. You can name someone that you trust to handle the administration of the Will and you can even include plans for tax planning and residential care. If, on the other hand, you die and you have no Will in place distribution of your estate will be determined by the Rules of Intestacy, which means that you lose control over who gets what when it comes to your estate. While these rules do focus on taking care of civil partners, spouses, and biological children, they do not take into consideration unmarried partners, charities, pets, and friends.
Making a Will helps to ensure that your estate goes to the beneficiaries you have chosen yourself rather than being based on decisions made by a third party. This means that you can protect your loved ones and ensure that your wishes are followed with regards to distribution of your assets.
If you want to ensure that your family is protected by creating a Will, simply get in touch with us today and we will be happy to discuss this with you further.