More than half of all adults in the UK have not yet made a will. Most intend to do so, but haven’t got round to it. So, if you have already made your Will give yourself a pat on the back (and then think about how long ago you made it and whether things have changed that you need to update); if you are one of those who hasn’t yet made their Will, read on.
Let’s be honest, Wills aren’t all about you. Whilst you can lay out your last wishes in a Will, they are mainly about your family and your loved ones. A Will makes the job of dealing with your things much easier and they many find that it is incredibly helpful and reassuring to know that they can have a part in honouring what you wanted whilst knowing that you thought of them.
You could save £000’s in taxes and expenses by making a Will. Depending on the value of your ‘estate’ (‘things you own’) you could have to pay £000’s in inheritance tax, lawyers fees and even care home charges. Planning things in advance can save you a fortune. You also get to make sure that your money and ‘things’ go to the people that you want. Whilst without a Will, the government will decide for you.
3. See 1 & 2 above
It really is that simple. Stop putting it off and arrange to make your Will now. You probably already know what you would like to do with your things and who you want to care for your children if you die before they are 18. It can take as little as 15 minutes and then you can sit back and relax knowing that it is one less important thing to worry about.
Advice about making or updating a Will
For more advice on the preparation of Wills please contact a member of our Wills, Trusts and Probate Department, based at each of our offices in Leicester, Market Harborough and Hinckley.