According to the research as many as two thirds of us don’t have a formal document like a will which sets out what is to happen to our assets if we should die.
Of course, most people avoid it as they don’t like to start thinking about when they will no longer be here. Most people tend to avoid such considerations even though writing your will is probably one of the most important things you can do.
It’s also fairly easy.
What is a Will?
A will is a legal document that sets out clearly what you want to happen to your estate when you die. It means that property such as your house or money that you have saved will be passed onto your loved ones. Making a will essentially gives you peace of mind and protects everything after you pass away ensuring it gets to the right people.
A will is important even if you think that your estate is fairly simple and there’s not much to leave to loved ones. It’s absolutely vital if things are a more complicated. Your will sets out certain details relating to your estate and nominates an executor, a person who will be charged to make sure your property is settled according to your wishes.
What Happens If I Die Without a Will?
If you don’t leave a will, you will be considered to have died ‘intestate’, according to the law. That means the courts will need to decide how your estate is administered after your death and this will include appointing someone to act for you. This is a process that can take some considerable time, money and effort to resolve, particularly if you have a complicated estate.
It could mean, for example, that your partner is not entitled to your home or assets when you pass away because you were not married.
Why You Should Use a Solicitor
There are several ways to make a will. Nowadays you can find will writing services online but these are often a false economy. Getting the wording wrong can mean you don’t achieve what you really want with your estate. Mistakes can even make that will invalid, if it is contested in the event of your death.
We always advise that you seek the advice of a qualified probate solicitor. At Forster Dean, we have the expertise to help you put together a tailored will that meets your needs and those of your family. We are also experts in other forms of probate, power of attorney, tax planning.
If you want to be sure that your estate goes to your loved ones when you die, making a will is a fairly straightforward process. Of course, should you need to change things at a later date, you can always do so.
Make now the time you finally sort out this important legal document – contact the will writing team at Forster Dean today to book an appointment. We have offices in St Helens, Widnes, Runcorn and Crewe.
Call us on: 0808 278 4612