Financial Planning Consultants

Wills - Why Do I Need A Will?

The vast majority of people put off making a Will for a variety of reasons, either believing that the people they would wish to inherit will automatically do so, or because they don’t think it is relevant to them at this particular time.

The reality is that you can put off making a Will until it is too late and this poses all sorts of problems for the people left behind and could mean that some, or all of your inheritance, either goes to the wrong person or to the state.

There is really no excuse for not making a will or updating your existing one when your circumstances have changed. There are all sorts of reasons (excuses) for not having done so, but making the time and effort now will save your beneficiaries all sorts of problems. 

Without A Will...

  • You cannot be sure those you would wish to benefit will actually do so.
  • Your spouse / civil partner will not automatically inherit ALL of your estate.
  • “Common Law” partners may not receive anything.
  • Minor children could be taken into care whilst Guardians are appointed.
  • There could be lengthy delays for your beneficiaries and disputes.

Making a Will enables you to plan exactly what will happen to your property (estate) following your demise. This ensures that those you would like to benefit actually do so, in accordance with your wishes and at the same time avoiding any disputes between relatives.