Making a Will is one of the most important things you will do in your life and an integral part of planning for the future. Without a Will, the state will decide how your assets are distributed upon your death.
Don’t lose your chance to maximize available tax reliefs and ensure that you benefit the right people when you die.
You may believe that upon your death, without a Will, everything will go to your spouse. However, this may not be the case.
In larger estates, some of the assets may go straight to your children and, although you may ultimately wish to benefit them, you may prefer to do this in a more structured way. If you co-habit with someone and you do not leave a Will, they will only receive your share of any assets you hold jointly and nothing else.
Do you really wish to leave your loved ones with such uncertainty and in a terrible mess?
Whilst it is certainly possible to make a Will yourself using a form supplied from a stationers or super market, you may well miss the chance to take advantage of tax planning and planning for the possibility of care home fees eating up your assets.
Moreover, as often happens, problems can be extremely expensive to rectify. Even if you have already made a Will, you should review it on a regular basis.
We suggest that you review your Will every three years and on any material change in circumstances, for example marriage, divorce, having children, one of your beneficiaries may die before you do, or you may inherit or win large sums of money. You can also appoint guardians for your children in your Will and set up Trusts for them to make sure that they are looked after when you die.