WHERE THERE'S A WILL, THERE'S A WAY
Its very easy and understandable to not want to think about making a Will, it can be a sensitive and emotional subject for yourself and all concerned. Making a will can give you peace of mind and the assurance that everything is clear if the inevitable happens. It’s a very easy thing to do and it will save your family unnecessary distress at an already difficult time.
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 might be payable on the value of your 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.
Your will tells people two very important things:
Who should have your money, property and possessions when you die.
Who will be in charge of organising your estate and following the instructions you leave in your will – this person is called your ‘executor’, and you can name more than one person if you want to.
You can also use your will to tell people about any other wishes you have, like instructions for your burial or cremation.
Your executor will do their best to make sure your wishes are followed, as long as they don’t involve breaking the law.
It might not always be possible for your executors to carry out your instructions. For example, a person you want to leave something to might die before you do, but if you have a will there’s a better chance of things happening the way you want.
So don’t delay do whats right for yourself and for your family and friends.
For further advice https://www.moneyadviceservice.org.uk/en/articles/writing-a-will-your-options