Many people are reluctant to make a will, but it is one of the best things you can do for your loved ones, regardless of your age or family situation. It is the best way to make sure your estate is passed on to family and friends exactly as you wish and to help avoid additional problems at an already difficult time.
A will sets out who is to benefit from your property and possessions (your estate) after your death. There are many good reasons to make a will:
- you can decide how your assets are shared - if you don't have a will, the law says who gets what
- if you're an unmarried couple, you can make sure your partner is provided for
- if you're divorced, you can decide whether to leave anything to your former partner
- you can make sure you don't pay more inheritance tax than necessary
A will is important if:
You are married
Many married people believe that on their death, all their assets will automatically pass to their spouse. In fact, depending on the size of the estate, if there are children the spouse may only inherit personal items and the first £250,000. The rest of the estate may not pass to their spouse, children or other relatives as you might expect.
You have a civil partnership
A registered civil partnership between same sex couples is similar to a marriage and the same rules apply. Therefore it is very important that couples in a civil partnership write a will.
You live with a partner
Contrary to popular belief, an unmarried partner or non-civil partner has no automatic right of inheritance at all. A will is the only way to make sure your partner is left what you want them to receive.
You have children
A will allows you to say who you wish to be the guardians of your children - otherwise the Courts decide.
You are single
If you don't have a will, your family or dependents may need to challenge the intestacy rules, which may cost them a considerable amount of money in solicitor's fees to obtain the possessions you want them to inherit.
Will writing services
Redstone Wills provides a comprehensive will writing service, at a fixed price and usually within eight working days. To find out more please contact them directly on 0845 4506133*
* Will Writing Services provided by Redstone Wills. Windmill Road, St Leonards-on-Sea, East Sussex, TN38 9BY.
Calls to Redstone will be recorded for customer service and training purposes.
Kent Reliance does not provide legal services. If you choose to use Redstone Wills' services, your contract will be with them and not Kent Reliance therefore, so you will need to contact them directly in the case of any dispute.