Every individual over the age of 18 should have a will, whether they are rich or poor, male or female, single or married. Here are some of the reasons why;
* A family can suffer acute financial hardship because of the delays in dealing with the estate of a person who has no will. These delays can often run into YEARS!
* Thousands of small heirlooms and treasures are lost to the auction rooms every year because no one can decide who should have them. Your WILL protects your heritage, together with your items of sentimental value.
‘Over 70% of the population have not got a valid Will’
*
The future guardianship of children whose parents did not leave a WILL,
is often left uncertain. Nominating guardianship in their WILL can ensure
peace of mind for parents. The fact that your children will be cared for
by a family member or close friend, who the children know and trust, will
help to ease their suffering.
* Family arguments arise over who should get personal belongings and what type of funeral should be arranged. It is unfair to thrust these decisions upon a grieving family.
* Millions of pounds are unnecessarily paid in inheritance tax (death duties) because a Will has not been drawn up.
Longest Will - Mrs Frederica Cook - 95,940 words, bound in four volumes
* Most people would rather their money went to a charity than to the taxman if they had no one to leave it to. This can only happen in a Will.
* Many people think their immediate family will get all they own anyway should they die without a Will. This is not necessarily the case.
* Partners in a relationship, need to write a Will if they wish the other partner to benefit from their estate. The laws of intestacy (dying without a will) do not acknowledge ‘Partners’.
Shortest English Will - ‘All for Mother’ in which his mother was his wife , not his mother. It was contested and later admitted for probate in 1906
* Banks, Building Societies and Insurance Companies hold millions of pounds belonging to people who are almost certainly dead - because their families are not aware that the money exists, or where it is. A part of our service will be to offer safe storage of your WILL where it can always be found.
* The estate of a person who has died as a result of an accident can benefit from a substantial court or insurance claim, much (or all) of which could go to the wrong people where there is no Will.
The absence of a WILL causes many problems for family and friends - at the worst possible time. It often creates financial hardship and sometimes the loss of money to your dependents who need it most.
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