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Everyone needs to write a Will
IF YOU DON'T MAKE A WILL:-
First of all, your Estate will cost a lot more and take a lot longer to distribute
If you have no spouse or blood relatives, your entire estate will go to the Taxman
If you do have blood relatives or a spouse, they will have to apply to the courts to administer your Estate - a far more lengthy and costly process than if you had written a Will - and your Inheritance Tax bill could be higher
You forfeit the right to 'ring-fence' some or all of your estate such that your spouse can benefit from it but a Local Authority can (if he/she has to go into long-term care)
If you have children under 18, and the other parent is also dead, then you have given up the right to decide who looks after them
If you have a partner to whom you are not married, he/she will get nothing from your estate even if you have been together for 50 years or more and even if he/she lives with you: the Intestacy Laws do not recognise unmarried "Common Law" partners
The Government effectively writes a Will for you.
First of all, your Estate will cost a lot more and take a lot longer to distribute
If you have no spouse or blood relatives, your entire estate will go to the Taxman
If you do have blood relatives or a spouse, they will have to apply to the courts to administer your Estate - a far more lengthy and costly process than if you had written a Will - and your Inheritance Tax bill could be higher
You forfeit the right to 'ring-fence' some or all of your estate such that your spouse can benefit from it but a Local Authority can (if he/she has to go into long-term care)
If you have children under 18, and the other parent is also dead, then you have given up the right to decide who looks after them
If you have a partner to whom you are not married, he/she will get nothing from your estate even if you have been together for 50 years or more and even if he/she lives with you: the Intestacy Laws do not recognise unmarried "Common Law" partners
The Government effectively writes a Will for you.
Becoming a Will Writing Affiliate is FREE to join
Earn up to £12.50 for everyone you refer who makes a Will on-lineIntroduce this service to:
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