There has recently been plenty of coverage in the media about the importance of making our Wills. Yet the statistics remain grim. Over 50% of the adult population are still without a valid Will. Very rarely is this due to apathy. The most common reason is lack of time because we lead increasingly busy lives. However, we all need to pause and reflect on the following: what would happen to our possessions should we die without making a Will. Have you?
By not making a Will you allow your possessions to be distributed in a set way according to the law. This means that those whom you do not necessarily want to give anything to may end up getting some, if not all of your assets and belongings. The flip side of this is that those you do want to give something to may end up with nothing at all.
The law as it stands today will distribute your estate in the following way if you do not have a Will ( called intestacy):
The law provides no protection if you are not married or in a civil partnership. This could lead to your partner, to whom you are not married or in a civil partnership with, being left with nothing. Equally, it could be that your children would not inherit from your estate if it is relatively small. On another note, you may want to benefit a charity you hold at heart, but without a Will that charity will get nothing at all. It goes without saying that making a Will provides you with the ability to provide for those you really want to help.
If you need expert advice and help on making your Will, please contact me, Sangeeta Moore on 020 8899 6620 or 07825 838 922. Alternatively you can e-mail me at email@example.com I make home visits at no extra cost.