Do I Need A Will?
There are certain circumstances in which it is highly adviseable to make a Will, Among the usual ones are where:
- You have young children or dependants
- You have your own business
- You are living with someone, but are not married to them
- You have married a second time you are divorced or have split up from your spouse
- You want to leave specific gifts to someone
- You want to benefit a charity
- Your assets on death including benefits under life policies etc. exceed £ 200,000
By making a Will, you receive piece of mind with the following benefits:
- You can choose someone you trust to administer your estate
- You can appoint guardians for young children
- You can leave gifts to friends, family or charities
- You can attach conditions to a gift in your will or create a trust
- You decide the age a child may inherit
- You can plan for Inheritance Tax
- It can help avoid family arguments
- You can make your funeral wishes clear
Generally speaking, anyone over the age of 18 and of sound mind can make a Will.
If you don’t leave a valid Will when you die your estate will pass in accordance with the Intestacy Rules.
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