Will Writing

Why Do You Need A Will?

Do you wish to protect your home against the cost of care?

Do you want to guarantee your loved ones an inheritance?

Do you wish to avoid paying any tax on death?

Having a will is arguably one of the most important things you can do for yourself and your family. Not only can a will legally protect your spouse, children, and assets, it can also spell out exactly how you would like things handled after you have passed on.

Your will tells everyone what should happen to your money, possessions and property after you die (all these things together are called your ‘estate’). If you don’t leave a will, the law decides how your estate is passed on – and this might not be in line with your wishes.

The Four Main Reasons That You Need a Will

• A will makes it easier for your family or friends to sort everything out when you die – without a will, the process can be more time consuming and stressful.
• If you don’t write a will, everything you own will be shared out in a standard way defined by the law – which isn’t always the way you might want.
• A will can help reduce the amount of Inheritance Tax that might be payable on the value of the property and money you leave behind.
• A will is important for your children or other family who depend on you financially, or if you want to leave something to people outside your immediate family.

Your Wishes and Who Carries Them Out

Overall, your will tells people two very important things:

• Who should have your money, property and possessions when you die.
• Who will be in charge of organising your estate and following the instructions you leave in your will – this person is called your ‘executor’, and you can name more than one person if you want to.

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