Having an up-to-date Will ensures that your property (estate) goes to the right people at the right time, avoiding any possible disputes between relatives or other beneficiaries when you die.
The vast majority of people put off making a Will for a variety of reasons, either believing that the people they would wish to inherit will automatically do so, or because they don’t think it is relevant to them at this particular time.
The reality is that you can put off making a Will until it is too late, this can pose all sorts of problems for the people left behind and could mean that some or all of your inheritance either goes to the wrong person or to the state.
Who needs to make a Will?
The answer is Everyone. In particular, anyone with dependant relatives, (children under the age of 18, elderly relatives or relatives with a disability who have special needs), anyone who owns property or has any type of asset which you would wish relatives, friends or charities to benefit from.
Won’t everything go to my husband/wife/civil partner/parents/children automatically?
This is a common misconception and dependant on the size of your estate, there are set rules which will be applied to determine who inherits and how much if you do not make a Will.
What will happen if I don’t make a Will?
This is called dying Intestate. There are specific rules of intestacy which set out who will inherit, and by how much if you do not leave a valid will; this may not be what you would have wished and in the worst-case scenarios where relatives cannot be traced, your assets will be taken by the Crown.
