Resident Estate Planner, Bill Evans shares his top four reasons for having a Will in place to ensure you’re in control of what happens to your estate when you pass on.
What is a Will?
Your Will tells everyone what should happen to your money, possessions and property after you die (all these things together are called your ‘estate’). If you don’t leave a Will, the law decides how your estate is passed on – and this may not be in line with your wishes.
My four top reasons for having a Will in place
- A Will makes it much easier for your family or friends to sort everything out when you die – without a Will, the process can be more time consuming and stressful.
- If you don’t write a Will, everything you own will be shared out in a standard way defined by the law, which isn’t always the way you might want.
- A Will can help reduce the amount of Inheritance Tax that may be payable on the value of the property and money you leave behind.
- Writing a Will is especially important if you have children or other family who depend on you financially, or if you want to leave something to people outside your immediate family
If you need to speak to me with regards to your Will please call 0845 017 6527 or visit my website.