Why
you should make a Will. It is the only way to ensure that your wishes
are carried out after your death. If you have not made a valid Will, your
property will pass according to the Law of Intestacy. This may not be what
you would have wished. In any event it is likely to take longer to
finalise than if you had made a Will. During this time your beneficiaries
may not be able to draw ant money from your estate. I can mean arguments
and distress for relatives.
If you
are a single person you may want your estate to go to friends and
charities as well as relatives.
If you
are living as a couple but not officially married, you may be treated
as a single person and a surviving partner may get nothing at all.
If you
are married, do not assume that "my other half will get everything".
Brothers and sisters or parents may have a claim. Often your children have
a right to part of your estate
If you
are a parent, you should consider who would look after your children
in the event of our death. This is particularly important in the case of
one parent families or unmarried parents living together. A valid Will
nominating guardians is invaluable in these cases. if no one knows what
you may have wanted, the Court will decide on the future of your children
which may not be what you wanted.
If you
are retired and made a Will a long time ago, it probably needs
updating to include additional grandchildren or deletion of persons you no
longer feel you wish to leave anything to.
If you
have NOT made a Will, the state has made one for you. It will not be
the one you want and it is certain not to reflect your wishes. It is
called the
Law of Intestacy - see the diagram to see how it's rules will
ensure your wishes are not met.
FTW(IFA)Ltd are members of the The Society of Will Writers which is a
non-profit making body which exists solely to raise the public's awareness
of the importance of making a Will and to act as a regulatory organisation
to ensure its' members are properly trained and fully competent. We
provide a full comprehensive service which caters for most circumstances
with a range of fees guaranteed to be competitive. We also provide a Will
storage facility via the Society.