Why make a Will
Why make a will
Have you wanted to make a will, but keep on putting it off? Here are some interesting facts you may not have considered.
Living together as coupleIf you are living as a couple, but not officially married , you will not have the same protection as married couples. It is important that this is addressed by both couples so that there is clarity.
Married/ Civil partnershipsIf you are married, you should not assume that everything will go to the other partner. But it is only in the case of a small estates that the whole of the estate will necessarily pass in this way under the intestacy rules.
ParentsIf you are a parent you should consider who will look after your children. Guardians can be appointed in a will and they will normally act after the death of the surviving spouse, but canact jointly with the spouse in certain circumstances. It is also advisable to to include an express appointment
Choice of ExecutorsYou can exercise the choice over this, and can consider the merits of appointing friend, family, or spouse etc. In a will a testator can make a choice of executors and trustee, whereas on intestacy the personal representatives are determined by Probate rules
Peace of mindMaking a will gives you the opportunity to plan effectively the future of your loved ones. It provides peace of mind know that you have taken the necessary steps to ensure that they will not be subject to the rules of intestacy and possible disputes.
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