steve@wdsassociates.co.uk
 

Why Should You Make A Will?

Only by making a Will can you be sure that your affairs will be looked after, as you would wish. It is important if you have property or other valuable assets, especially if you have children. Most people think that everything will automatically go to their partner or next of kin, but it's often not that simple - without a Will you leave it all to chance!

20 Reasons Why You Should make a Will

  • Appoints guardians for children and passes on parental responsibility.
  • Appoints trustees to act in the best interest of minor beneficiaries.
  • Protects estate from fraud by requiring the need for probate if the estate is over £5000.00.
  • Protects inheritance for children, stepchildren and grandchildren. Can mitigate the effects of inheritance tax on an estate.
  • Can ensure children (and others) benefit from part of your estate and not have most of it go in the payment of care fees.
  • Gives executors the power to protect the deceased's assets by the ability to insure those assets.
  • Can provide for the right of a partner, parent or child to stay in a property and not have it sold.
  • Gives the power to trustees to advance money to minor beneficiaries.
  • Gives the power to trustees to invest estate assets on behalf of the intended beneficiaries.
  • Can protect the inheritance for disabled beneficiaries.
  • Can clarify and ensure the intended beneficiary receives business and shareholding assets.
  • Makes funeral requests known.
  • Ensures your favourite charities benefit in the way you wish.
  • Makes arrangements for your surviving pets.
  • Ensures unmarried and same-sex couples pass on their assets to their partner and no one else.
  • Ensures single people without children pass their assets to the beneficiaries of their choice.
  • Appoints executors to act for you eliminating the chance that children, partners and other relatives dispute your wishes.
  • Tracing next-of-kin can be time consuming and expensive, as can the search for a will that may not exist.
  • Having a will gives peace of mind that your wishes are known