1. Stay in Control
Making a Will means your assets won’t be divided up according to set rules that you have no control over – i.e. those governing intestacy. Instead you can choose exactly who gets what, rather than hoping for the best.
Making a Will means your assets won’t be divided up according to set rules that you have no control over – i.e. those governing intestacy. Instead you can choose exactly who gets what, rather than hoping for the best.
2. Leave sums to friends or partners
People who die ‘intestate’ i.e. without a Will, can’t guarantee that their friends or an unmarried partner will inherit what they want them to. Under Intestacy Rules, both groups would inherit nothing. By setting out what you want in a Will, you can be sure it will happen.
People who die ‘intestate’ i.e. without a Will, can’t guarantee that their friends or an unmarried partner will inherit what they want them to. Under Intestacy Rules, both groups would inherit nothing. By setting out what you want in a Will, you can be sure it will happen.
3. Name guardians to look after your children
If you have children, you are able to name guardians who will take care of them should you be unable to. This provides many parents with peace of mind.
If you have children, you are able to name guardians who will take care of them should you be unable to. This provides many parents with peace of mind.
4. Provide for your step-children
Again, under Intestacy Rules, any step-children you have aren’t able to inherit from you as they are not classed as your children. This can be a particular problem if their birth parents are already deceased. Making a Will can ensure they are provided for.
Again, under Intestacy Rules, any step-children you have aren’t able to inherit from you as they are not classed as your children. This can be a particular problem if their birth parents are already deceased. Making a Will can ensure they are provided for.
5. Choose when children can inherit
Intestacy Rules state that your children will inherit from you at age 18. However, if you’d prefer them to wait until they are older, you can set this out clearly in your Will.
Intestacy Rules state that your children will inherit from you at age 18. However, if you’d prefer them to wait until they are older, you can set this out clearly in your Will.
6. Choosing executors
By making a Will you can choose your executors – i.e. who will sort things out on a practical level. You can choose family to do this, or a solicitor/accountant who will bring a level head at a difficult time for the family.
By making a Will you can choose your executors – i.e. who will sort things out on a practical level. You can choose family to do this, or a solicitor/accountant who will bring a level head at a difficult time for the family.
7. Your funeral wishes
It can be immeasurably helpful to bereaved family if they already know whether you want to be cremated or buried, and also if you have any other requests for your funeral.
It can be immeasurably helpful to bereaved family if they already know whether you want to be cremated or buried, and also if you have any other requests for your funeral.
8. Make a donation to your favourite charity
If you die without a Will, even if you have told people you want to leave a sum to charity, the rules do not allow for this. Donations to charity can be a useful way of saving inheritance tax for your family.
For more information contact Wills solicitors Lawson-West on 01858 445 480.
http://www.lawson-west.co.uk/lawyers-for-people/wills-and-probate/
241 Uppingham Road
Leicester
LE5 4DG
Tel: 0116 212 1000
Fax: 0116 212 1051
DX 13654 LEICESTER 4
If you die without a Will, even if you have told people you want to leave a sum to charity, the rules do not allow for this. Donations to charity can be a useful way of saving inheritance tax for your family.
For more information contact Wills solicitors Lawson-West on 01858 445 480.
http://www.lawson-west.co.uk/lawyers-for-people/wills-and-probate/
241 Uppingham Road
Leicester
LE5 4DG
Tel: 0116 212 1000
Fax: 0116 212 1051
DX 13654 LEICESTER 4
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