Why make a Will?

 

It is important to make a Will to safeguard loved ones, ensure that your wishes are carried out and for peace of mind.  You can say what will happen to your possessions and assets when you die.  You can also say how your funeral should be dealt with to make it easier for your loved ones to carry out your wishes when the time comes.

If you die without making a Will (called dying Intestate) it can become complicated how your assets are shared amongst your family and your assets could end up with someone in your family you particularly wanted to avoid.  If you have no family, your estate could go to the Government.

It is particularly important to make a Will if you have step-children or you and your partner and unmarried.  If you do not make a Will then your estate will pass under the Intestacy Rules and your partner will not be included.  There is no control over who will administer your estate and you will not have the chance to appoint guardians of your children.

Making a Will ensures that this does not happen.

If you are making maintenance payments for a child of a previous marriage or relationship it is very important to consider the needs of that child to avoid any claims being made against your estate after your death and we are qualified to give advice in this area.

There is more awareness that the jointly owned family residence can be held either as Joint Tenants or Tenants in Common and we will explain in everyday language which alternative is right for you and how this could enable your estate to be distributed in a tax efficient manner.

Can I make a homemade Will?

You can, but we would not recommend this as it can lead to serious problems if the wording of the Will is not clear and has not been signed correctly.  The actual cost of making a Will through Sarginsons Law is extremely small by comparison to the legal costs which can be incurred by sorting out the problems which may arise not taking into account the stress and delay in administration.

 

 

23rd February 2019

Sarginsons Law