Wills
Why do I need a will?
There are many reasons why you may have waited until now to make your will.
Some people find it overwhelming when they think of all the considerations; others are upset by thoughts of what will happen when they are no longer here. You might feel you have nothing of real value to warrant making a will, or that you don’t need a will because everything will automatically go to your spouse when you die (this isn’t the case!).
The truth is no matter your financial or marital status, everyone needs a will. It’s the only way to ensure your loved ones receive what you want them to have when you pass away – and that the wrong people don’t benefit.
Peace of mind
Making a will provides you and your family with peace of mind. With your wishes documented, you can relax knowing your affairs are in order and the people you care about most will be looked after when you’re gone.
It also allows you to make choices about your later life care should you ever be unable to do things for yourself.
By making a will, you can be reassured your loved ones will receive the things you wish for them to have, and that any financial burdens are taken care of.
Countrywide Tax & Trust Corporation support you in every step of creating your will.
Who needs to make a will?
No matter what possessions you own, your relationship status, or the value of your estate, everybody needs their own will. Even if you are married or in a civil partnership, there are no guarantees your spouse will inherit what you want them to have if there is no will in place confirming your wishes.
It’s especially important that people with dependents make a will; that’s anyone with children under the age of 18; those with elderly relatives or people caring for disabled or vulnerable relatives.
With a will, you can ensure the people who rely on you continue to receive the care they need – and specify who you would like to care for them – if you are no longer here.
When should I make my will?
If you don’t yet have a will and you have any assets and/or dependants, you should make one as soon as possible.
You must be over 18 years of age to make your will and have testamentary capacity – that is an understanding of:
- what it means to make a will
- what assets you possess
- the people who would usually inherit
Speak to a member of our team today about our will writing services.
What happens without a will?
Without a will, your possessions and any money you leave behind are distributed according to the laws of Intestacy. This may mean the people you wish to inherit lose out and others you would not wish to benefit receive your assets instead.
This is because, when you ‘die intestate’ [more] there are set rules about who can inherit and how much when there is no will in place.
It can also lead to disputes between relatives and make the process of dealing with your estate – and mourning your passing – much more difficult for your loved ones.
Get in touch today to start your estate planning journey.