The writing’s not on the Will...
A shock new poll has shown that more than 50% of adults here in the UK have yet to write a Will.
And in couples who live together, that figure rises to almost three quarters who haven’t made a Will.
The survey for Barnado’s shows that many people put off making a Will for many reasons, but also believe that – in the event of their death – any money would go to their family or loved ones anyway.
However, this isn’t the case. If you die without making a Will you will have died 'intestate' and in these circumstances strict legal rules apply. Your spouse or children may be able to keep the family home, but might not have enough funds to afford to live there. If you have a partner but are not married and you die without making a Will, your partner will not be recognised in law and will not automatically inherit your money or property, however long you may have been together.
Those surveyed who have made a Will said it was mainly to ensure their children stood to gain from their Will. Other reasons for making a Will include the opportunity to name the people who would look after your children in the event of your death; the chance to leave specific gifts to family and friends; to make your funeral wishes clear; to give to charity; and to plan for Inheritance Tax.
Whatever your age or family circumstances, it is vital that you make a Will clearly stating your wishes in the event of your death. It’s not something we like to think about, but making a Will is something we all need to address to ensure that our final wishes are carried out and the loved ones we want to remember receive the legacy you wish them to have.
Head of Wills and Probate at Simpson Millar said: "Making a Will is an essential part of planning for the future and is usually a very straightforward. It is not as costly as many people think. We will provide advice on every aspect and then provide you with a Will written in understandable plain English. The whole process does not take long and is well worth the peace of mind for you and your family." Useful info: