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A Will under your name makes it clear where all of your money, possessions and property will go in the event of your death. Writing a Will gives you complete control, allowing you to divide your hard-earned wealth between your family, friends and chosen charities accordingly. This ensures that the people and causes you care for are provided according to your wishes after you have gone.
Many people put writing a Will off and it’s understandable given how daunting the task may seem. Simply considering it is to ponder your own mortality, which isn’t something that comes to us all easily. That being said, failure to do so puts the power in the state, which means that your loved ones may not have access to everything that you would have wanted them to have.
Putting a Will in place can not only afford you the peace of mind, but it will make life much easier for those who love you, during an already trying time of grief.
Without a will, when an individual dies they do so intestate, which means that their estate will be divided in accordance with the intestacy rules of their country of residency and potentially domicility. A death intestate often results in your estate being distributed in a fashion that potentially goes against your wishes. Don’t leave any room for error and make sure that those you care for the most can take care of your estate when you’re gone.
But it’s not just about having full control over how your estate is divided, in fact that are many other benefits to putting a Will in place long before you’re gone:
In the UK, studies have found that approximately 58% of adults do not have a Will!. Don’t let your legacy die with you or be dictated by those who have no knowledge or understanding of you and your family. Take full responsibility for what you own and afford your friends and family an easy transition when the time comes.
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General Advice Warning: The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs. Taxation, legal and other matters referred to on this website are of a general nature only and are based on Harbour Wills's interpretation of laws existing at the time and should not be relied upon in place of appropriate professional advice. Those laws may change from time to time. Accuracy & Reliability of Information: Although every effort has been made to verify the accuracy of the information contained in this web site, Harbour Wills, its officers, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained on this website or any loss or damage suffered by any person directly or indirectly through relying on this information.