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.
How to write a Will
The traditional method of getting your Will written is to contact a solicitor and discuss with them what you want to happen to your assets on your death. This is certainly the route to go if your estate is complex, or you need specific advice. For a less expensive service, you could consider using a Will Writer.
Writing your own Will
There is also another option, you can write your own Will. By following this link, you will be directed to TenMinuteWill.co.uk* a website that will guide you through the process of making your own Will online. You’ll find the site is easy to use and full of useful information. You can produce a legally-valid Will in approximately 10 minutes for less than £40 for a single Will, or £60 for mirror Wills (for couples and partners).
So, if making your Will has yet to reach the top of your ‘to do’ list, now’s your chance to put this vitally-important document in place.
*TenMinuteWill.co.uk is a third-party supplier and we cannot be held responsible for the information provided.
The Financial Conduct Authority does not regulate Will Writing.