Do I really need a Will?
FOR MOST PEOPLE THE ANSWER IS ALMOST CERTAINLY ‘YES’
If you die without leaving a Will, any wishes you might have about your estate will be ignored.
The Law will decide for you. Apart from peace of mind, a legally binding Will provides solutions to the following issues.
DELAYS IN THE DISTRIBUTION OF YOUR ESTATE
Anyone who has had to administer an estate where the deceased has died without leaving a Will can confirm the difficulties, extended time (it could take years) and extra cost…not to mention the stress to loved ones.
WHO BENEFITS FROM YOUR ESTATE?
Your spouse/partner may not necessarily inherit all your estate. Without a Will you die intestate and the State effectively writes a Will for you. Those who benefit may not be the individuals you would have chosen.
WHO WILL BRING UP YOUR CHILDREN?
Without legally appointed guardians, the courts could decide who brings up your children.
UNMARRIED & SAME-SEX COUPLES
Same-sex couples are afforded the same legal status as married couples if they register as a Civil Partnership. Many unmarried couples do not realise that their estates will not automatically go to each other – regardless of how long they have been together. In the eyes of the law there is no such thing as a ‘common law’ spouse.
IF YOU ARE SINGLE
Individuals you wish to inherit may not benefit at all.
In law, you are married. Your ‘Ex’ could receive a large part of your estate.
CHILDREN FROM PREVIOUS RELATIONSHIPS
Could inherit all or nothing – it could be pure luck if your children benefit!
COMMUNITY CARE ACT
Should the need ever arise for you to go into residential care when you are old and frail, your assets, under current legislation, may go towards the cost of your care.
A legally binding and valid Will can overcome or reduce the impact of these potential problems.
Even when your Will is written it is only a legally binding document once it has been signed and witnessed.The Will Writing Service always provides full instructions for signing and witnessing Wills for your peace of mind.