Wills

If you haven’t made your Will yet, you aren’t alone. Surveys show that around two-thirds of the adult population in the UK have yet to put this important document in place

The case for making a Will is pretty clear cut. Leaving a valid Will in place means that after your death, your property and possessions will be distributed in accordance with your wishes. Writing a Will gives you the opportunity to provide for members of your family, friends or favoured charities in a way of your own choosing.

If you don’t make a Will, on your death your money, property and possessions are shared out according to the laws of intestacy. This can have unfortunate consequences, and could mean that instead of those closest to you benefitting as you would have wished, your estate could pass to people who you wouldn’t have chosen to be recipients.

Needless to say, not leaving a Will can be a source of enormous distress and financial hardship to families, especially if blood relatives you hardly know inherit, whilst your nearest and dearest receive nothing.

If you already have a Will in place, it makes good sense to review its terms from time to time to ensure it’s in line with your current wishes.