Wills, Probate, Tax & Trusts Article
09 May, 2017
This week (8-14 May) is Dying Matters Awareness Week and Forbes are blogging about issues surrounding death, dying and planning for your future.
One important step to prepare for dying, death and bereavement is making a Will. Many people put off making a Will because they do not like to talk about dying. There are various 'myths' around making a Will:-
- "Everything will go to my spouse/partner/children anyway". This may not be the case and if you die without a Will, you have no say as to who benefits from your estate. Instead, the law dictates how your estate is divided, which might not be in accordance with your wishes. If you are in a relationship (but not married or in a registered Civil Partnership), your partner will receive nothing, unless you make provision for them in a Will.
- "I'm not rich so I don't have anything to leave." Whilst your Will does deal with your assets, you do not have to be a millionaire to make a Will. Your Will can also make gifts of sentimental items, set out your funeral wishes, and appoint legal guardians to care for young children. Making a Will also enables you to choose your Executors; the person(s) who will sort out your affairs and distribute the estate to your chosen beneficiaries.
- "I can make a Will myself without the help of a solicitor." Trying to make your own Will, without assistance from a qualified solicitor could result in mistakes, lack of clarity or even mean that your Will could be invalid. Making a Will with a solicitor gives you peace of mind that it has been professionally prepared, reflects your wishes and will make things easier for those you leave behind.
Everyone should make a Will. It is also important to review your Will regularly to ensure it still reflects your wishes. You should particularly consider making or reviewing your Will at certain 'milestones' in your life; getting married, getting divorced, having children or grandchildren, or acquiring a significant asset (such as buying your first home).
At Forbes Solicitors, our team of experts will make the process as simple as possible, making you feel at ease throughout and giving you peace of mind that your affairs are in order. For more information about making a Will and planning for your future as part of Dying Matters Awareness week, contact Lorraine Wilson in our Wills, Probate, Tax and Trusts department or alternatively call Freephone 0800 975 2643 or send any question through to Forbes Solicitors via our online Contact Form.