Business

The Importance Of Making A Will

Issue 65

You can put off making a Will until it is too late and this poses all sorts of problems for the people left behind.

Not making a Will could mean that some, or all of your Inheritance either goes to the wrong person, or to the state. Making a Will enables you to plan exactly what will happen to your property (Estate) following your demise. This ensures that those you would like to benefit actually do so, in accordance with your wishes, and at the same time avoiding any possible disputes between relatives. Most importantly is the peace of mind making a Will provides.

In the time it takes to read this, someone, somewhere will have died Intestate – that is, without leaving a valid Will. If you don’t have a Will For those people who have died Intestate, the government has written a standard Will, which will almost certainly contradict what their wishes would have been…

To my Family. I hereby leave you all several months, possibly years, of financial hardship and expense, whilst you go to unnecessary lengths to sort out my affairs. To my Spouse/Partner. I hereby leave you some (but probably not all) of what I own. To my Children. I hereby leave you the remainder of my Estate and give you the authority to enforce the sale of any part of it (including the family home) to realise your Inheritance.

To Social Services. If my children are orphaned, I give you the authority of Guardianship and the power to choose who shall look after them, including allocating them to foster parents.

To the Tax Man. I hereby leave you all the Tax that I could have avoided and given to my family.

To my Bank and/or Solicitor. I hereby authorise you to charge whatever you feel necessary, to sort out the mess that I have left behind. I realise that this could make you one of the major Beneficiaries of my Estate.

To everyone else I leave you nothing! The absence of a Will can cause problems, heartbreak, financial hardship and unnecessary expense for your family, at the very worst possible time.

For a small investment of time and money you can choose exactly what you want in your Will, protecting your loved ones whilst enjoying peace of mind. In the United Kingdom, every individual is allowed to leave his or her estate to whomever they want on their death. This is achieved by preparing a Will. Wills vary in complexity due to what is intended to be achieved, but in essence all have the same basic features. Let us guide you through the process by contacting us on 07711246561 or on communication4rfg@gmail.com

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