In England and Wales, it is estimated that only forty-six percent of people have made a Will, and approximately fifty-three percent of these Wills are out-of-date. This means that many bereaved families have the additional stress of working out how their relative wished for their estate to be dealt with.
A will is a legally binding document that specifies exactly what you want to happen to your money and property after your death. It can set out your arrangements for the care of your children, allows you to make provisions for your dependants, bequests to family, friends and charities and can specify the arrangements for your funeral. If you own property in more than one country, you may need a valid will for each country to ensure your estate passes to your beneficiaries.
Some of the excuses people give for not making a will are:
- I have nothing to leave of value, only debts.
- I’m not married.
- It costs too much.
- I haven’t decided who I want to leave my money to.
If you do not make a will, your assets could ultimately pass to the Treasury. In 2013, the Treasury received £53m from people who did not leave a will.
Furthermore, if you do not make a will, your wishes may not be followed. If your will is not drawn-up correctly, your wishes may not be understood and your estate could pass to someone you wouldn’t choose.
We will make sure your will is properly executed and legally binding, giving you peace of mind.
What happens if my circumstances change?
You may need to update your Will if your circumstances change, for example:
-If you marry
-If you separate or divorce
-If you have children
-If you move house
-If you move in with a partner
-If you marry for a second time
If your circumstances have changed, we can review your will with you, and advise on the best way of making any changes.
Our experienced and sympathetic team of experts never forget the importance and personal significance of your final wishes. We are here to help you tailor your will to suit your particular circumstances.