Why let your loved ones go through hell whilst you’re in heaven?
You could be storing up unnecessary heartache and distress for your family by delaying your Will.
Writing a Will is not normally at the top of our “to do” lists.
Thinking about mortality is not something that we are all naturally comfortable with, but by preparing a Will you can ensure that your loved ones are not left with unnecessary problems at a difficult time.
With the taboo attached to making a Will most people presume their loved ones, including partners, will automatically inherit their property and other assets. Unfortunately this may not be so.
The effects of you dying without a Will are likely to be uncertainty and extra distress at a time when your family least needs it.
To be safe and protect your wishes you should make a Will.
12 benefits of writing a Will
üGrants the right of a child, parent or spouse to remain in your property.
üEnsures inheritance is protected for your children and grandchildren.
üAppoints guardians for children on your death.
üHelps mitigate the effects of Inheritance Tax.
üHelps reduce care fee payments.
üAppoints trustees to act in the best interest of beneficiaries.
üAppoints executers to act on your behalf eliminating family disputes.
üEnsures unmarried couples pass their assets to each other.
üMakes provisions for your surviving pets.
üProtects your estate from fraud.
üEnsures your favourite charities benefit in the way you wish.
üGives you peace of mind your wishes are known.
Fact:Under the community care act 1990 the local council have the right by law to seize the family home, put it up for sale and use the proceeds to support your long term care costs. Your home could be under real threat.
More and more people are dying without leaving a Will (intestate)
Latest figures reveal over 311,000 applications to Probate Court was received in 2006.Of which over100, 200 people died without leaving a valid Will. That‘s nearly ONE THIRD of all applications. Also intestacy has been rising over the years with nearly a 50% jump since 2000. (source: the probate service Jan 2008)
These figures seem set to rise as more people ignore the benefits of a writing a Will.
The good news is over 196,000 smart people DID write a Will and help save their families a lot of needless grief.
Writing a Will is not such a daunting task as you may think. In fact it is relatively easy and straightforward. You can write a Will yourself, but really there is no substitute for professional advice if you want to make sure your Will is valid and fully protects your family on death.
First imagine what would happen if you died tomorrow?
ØWho would look after your children if you and your spouse pre deceased them?
ØWhat would happen to your home?
ØWill your loved ones be financially secure?
ØWould your children lose their inheritance?
ØWould your savings, pensions & investments be eaten up in care fees?
ØWould your family have to sell the home to pay inheritance tax?
ØAre you sure beneficiaries would get gifts you want to leave them?
ØWho would look after your estate?
ØDo people know your funeral wishes?
ØCould you die peacefully knowing your family’s security is not protected?
If your answer is: “I don’t know” or “I’m not sure” then contact us for specialist advice on how to get started making a Will. There is normally a fee for drafting your Will which you should expect to be fixed and agreed in advance and with Assurance Wills there is no hidden costs.
The most important thing is that you do something about writing your Will right now