We understand that nobody likes to talk about making a Will or planning for the worst. Lots of adults still have not made a Will and whilst many people intend to write a Will at some point, many people leave it until it is too late or don’t get the right advice on how to properly plan their Wills. We see all too often problems caused when people don’t make a Will or who don’t plan properly.
We work hard to provide for ourselves and our loved ones, paying off our mortgages and putting money aside for our futures. Nobody knows what is in store for us and without proper planning we could leave our loved ones behind with all sorts of issues to overcome, all whilst going through the difficult grieving process.
By making a Will you can make sure that we pass our hard earned assets onto the people we want to benefit. Without a Will the law determines who gets your assets on your death under the rules of intestacy. This may mean that the people you want to benefit from your estate aren’t properly provided for. If you are not married your partner will not inherit any part of your estate under the rules of intestacy which could leave them in financial hardship on your death. A Will not only says who gets your assets on your death but also allows you to choose who looks after any of your children if you die before they are 18. Without a Will you have no say in this.
Some of the reasons you should make a Will:
- A Will allows you to choose who gets your money and property on your death.
- A Will enables you to choose a guardian to care for your children if both parents die.
- A Will can make sure that your children inherit from you even if your spouse re-marries or goes into care.
- Proper estate planning can help save inheritance tax.
- You can choose to leave a gift to your favourite charity in your Will, something that you could not do without a Will.
- A Will can provide for a disabled or vulnerable person in a way that will not affect their benefits and will not put them at risk of being taken advantage of by dishonest people.
- If you are living with someone but are not married, your Will can make sure they are able to stay in your house if you die and receive whatever inheritance you want them to have.
I have already made a Will – why should I review this?
If you have had the good foresight to have already made your Will it is important to make sure it is up to date. We recommend that you review your Will every few years or if your personal or financial circumstances change. You should certainly review your Will after any major events, such as marriage, divorce, property purchase or sale, death of a beneficiary or if your assets change significantly. Even if Clowes & Co. didn’t prepare your Will, we can review your Will free of charge and advise on whether any changes need to be made.
Why should I ask Clowes & Co. to write my Will?
- Writing a Will without proper advice could mean that your estate is not distributed properly on your death and could lead to mistakes and the Will being invalid.
- We know the potential pitfalls, and will ask you all the right questions to make sure that you have considered every possibility.
- Our experienced team will use our experience to write your Will in a way that considers all your personal and financial circumstances.
- We will offer help and support to guide you through the process to ensure that you have properly provided for your loved ones on your death and make things easier for those left behind.
- Our friendly and approachable solicitors will make the process of writing your Will as simple as possible and explain it in terms that are easy to understand.
- We can also safely store your Will in our secure vault free of charge.
- We have a number of free Will writing services available meaning that you can plan your estate without any upfront cost.