Reasons to have a will and keep it up to date
Clarity of Wishes
An up to date Will gives peace of mind that your loved ones are looked after and it’s the only way to ensure your wishes are followed.
Make things easier for your family
At an already difficult time a Will allows you to make your wishes known to family. It also prevents your loved ones having to go through the courts to gain the power to deal with your estate. Without a Will, the process can be difficult, stressful and time-consuming.
Protect your partner’s rights
It’s a common belief that spouses / civil partners / cohabitees are automatically entitled to inherit everything. In fact, this is not the case.
Give your assets to the people and causes you love most
Without a Will outlining your wishes, your whole estate could end up belonging to the Crown or government.
Minimise inheritance tax
A Will can help reduce the amount of inheritance tax that needs to be paid on your estate.
Charitable gifts
A Will allows you to remember a charity or charities whose cause(s) you believe are worthwhile.