A lot of people seem to think that by preparing your Will you are only fast-forwarding the inevitable. Well, that’s clearly not true at all. Preparing your Will only protects your assets and, most importantly, your family.
It is important to understand that failure to prepare a Will may only lead to severe consequences and your family will have to pick up the pieces when you are no longer here to express your true wishes. Don’t leave it for your family, especially as they will already be going through a very hard time losing a loved one.
Whilst preparing your Will may not be at the top of your “to-do” list, it is important that you consider where you want your assets to vest when you pass away. Sounds morbid, but planning for the future of your loved ones will allow you to feel that they have been cared for when you are no longer here.
Talking to a Solicitor before finalizing your Will is very important, especially considering tax issues or tax changes that can ensure that you get the most tax-efficient Will possible.
A big no-no (no offence) are DIY-Will and Will writers, just in case the service cannot absolutely guarantee that your Will is valid and correctly prepared. The last thing that you would want is your family left to deal with an intestate (without a Will) estate.
Feel free to give me a call if you wish to discuss.
The information provided in this article is not intended to constitute professional advice and you should take full and comprehensive legal, accountancy or financial advice as appropriate on your individual circumstances by a fully qualified Solicitor, Accountant or Financial Advisor/Mortgage Broker before you embark on any course of action.
Contact me with your questions:
0207 183 4595