If you have not yet written a will, now is the time to consider getting it done because failure to do so may result in your loved ones being left with a nasty financial mess when you die. While almost two-thirds of UK adults have no will, the fact that around 33% of over 55’s lack a will is the biggest cause for concern.
One mistake people make is to assume their loved ones will automatically receive the property, savings and investments left behind but this is not the case. If you die without a will, it is known as ‘dying intestate’ and means your assets will be divided according to UK Government laws.
It is especially important to write a will if you are not married to your partner because in the eyes of UK law, cohabiting couples don’t have the same rights as married couples or those in civil partnerships. If you die intestate, your unmarried partner will not receive a penny of your estate, even if you have children together. The only money they can get is from a share of assets held in joint names.
Dying Intestate – Overview
If you die without leaving a will, even your spouse/civil partner will not receive everything. The rules of intestate vary depending on where you live but in England and Wales, your spouse/civil partner receives the first £250,000 of your estate and the rest is divided between them and any children you may have. If you have no children, your spouse/civil partner receives the first £450,000 but again, this can vary depending on your location.
Your other half does not have a ‘life interest’ in the remaining assets and they can be divided among siblings, parents, grandparents and other blood relatives. As you can see, if you have a significant estate and don’t leave a will, family arguments are a virtual certainty.
Help on How to Write a Will
Most people assume that writing a will is a tedious and dull experience but those who actually carry out the process find it to be an extremely emotional occasion. There are few other times in your life when you will be forced to think about those closest to you; a will is also an opportunity to ensure your loved ones are taken care of in the event of your death. It enables you to take stock of your possessions and decide how to divide your property, investments, cash and any other assets you may have.
Your will is also your chance to outline your funeral wishes and leave instructions for family or friends. If you want to be cremated or buried, now is the time to outline your desires. Wills written using our Will Do app are only £6.99 and you can also write single wills and Joint or Mirror Wills using our online forms.
There’s also the option of a free will template should you wish to use it.
Will Writing Services
These services are becoming extremely popular because they offer a low-cost alternative to a solicitor.
We are a company of professional will writers fully insured, fully trained and producing fully legal wills for over 10 years.
Write Your Will Today
As well as deciding who benefits from your estate, you need to make other provisions and a will helps you tie up all your loose ends. Once your will has been written, you need to keep it safe; we offer a secure storage service and access it upon your death or update it upon your request.
Every year, thousands of people die and either have no will or else it cannot be found. As a result, the wishes of these individuals get neglected and it leads to family feuds, stress and legal fees. Today is the day to start making your will; do it before it’s too late.