Making a Will is a straight forward and cost-effective way of ensuring that your loved ones are taken care of long into the future and also enables you to leave money to charities.
A Will is a legal document which makes sure that your money, possessions and property end up with the people or charities you want to benefit. It may also assist you in minimising inheritance tax. If you don’t make a Will, then the law says who will inherit your estate, and it may not necessarily be the people you would expect.
If you live with your partner and are not married, you need to make a Will to ensure that your assets pass to your partner as they will not pass to them under the law.
Even if you think that you do not have many belongings you will almost certainly be worth more than you think – and making a Will makes everything easier for your family after your death at what is inevitably a difficult time for them.
You can change your Will at any time. In fact we suggest that you review your Will at least every five years, and whenever any life-changing incidents take place – the birth of grandchildren, for example, or on separation or divorce, or a re-marriage, particularly where there are children from a previous relationship.
You can of course write your own Will, but as so many cases have sadly shown, it is easy to make mistakes in the wording or signing (which is very precise) resulting in considerable distress (and often large expense) for your family and dependents.