The Risk
Dying without a Will is definitely not good for your financial health
Most people in the U.K. fail to put in place a fundamentally important document which would ensure more of their estate goes to the people they care about and not to the taxman.
A Will removes any risk. Without one, the law decides who gets your possessions. With one, you decide. And Parliamentary legislation will, from time to time, demand specific and quite often significant changes to your Will which means it should be reviewed every five years or so as a matter of course by professional will writers.
If you die without a Will, the present rules governing your estate have very little regard for your wishes. You would be quite wrong to assume your husband, wife or partner will automatically inherit everything. They may not - in fact the most likely beneficiary is The Tax Man. Quite simply, if you own any assets at all, you really do need a Will.
If you are concerned about:
- Ensuring your children don't go into social care if you die
- Protecting your assets from probate and local authority care costs
- Appointing someone you trust to act as Power of Attorney to deal with your affairs
- All your assets going to the right people if you’re in an unmarried relationship
- Making sure that your children from previous relationships benefit, or not, as the case maybe
- Protecting your estate for a wayward or disabled child, or even from a child's greedy spouse
- Ensuring that your favourite charity benefits from your estate
Call us on 0191 214 0880