Why do I need a will?
The vast majority of people put off making a will for a variety of reasons, either believing that the people they would wish to inherit will automatically do so, or because they don’t think it is relevant to them at this particular time.
The reality is that you can put off making a will until it is too late and this poses all sorts of problems for the people left behind and could mean that some, or all of your inheritance goes either to the wrong person or to the state.
Everyone needs to make a will. In particular, anyone with dependant relatives must do so. Anyone who owns a property or has any type of asset which you would wish relatives, friends or charities to benefit from should also make a will.
Without a will…
- You cannot be sure those you would wish to benefit will actually do so.
- Your spouse / civil partner will not automatically inherit all of your estate.
- “Common law” partners may not receive anything.
- Minor children could be taken into care by the courts whilst guardians are appointed.
- There could be lengthy delays for your beneficiaries, and disputes.
Making a will enables you to plan exactly what will happen to your property (estate) following your demise. This ensures that those you would like to benefit actually do so, in accordance with your wishes and at the same time avoiding any disputes between relatives.