I can put off writing my Will – can’t I?
New Year’s Resolutions are apparently made to be broken, and many people set off at the turn of the year with good intentions to write their Will but here we are in February and so it goes on.
The truth is if you are one of them you are not alone; with about 65 per cent of the adult population having the same lethargy.
All I can conclude is that writing a Will is something that…
- should be put off for a rainy day
- is not relevant for people who own a home or savings
- is unimportant for their partner and friends
- does not matter as children can be looked after by whoever
- is not necessary as there is absolutely zero chance of a family squabble
- is only for the mortal, not the immortal like me
Hindsight is invaluable as the stories I hear from the families of the deceased, who are left to pick up the pieces, would undoubtedly make you cringe and think twice about delaying writing your own Will.
Why do I need a Will?
Well you owe it to yourself first and foremost. Here are some examples of common scenarios:
Example 1: You have worked hard all your life and have a buy-to-let property and a car. Your partner is financially independent and does not drive. So who gets the assets?
Example 2: You have a child from a previous relationship. Who looks after them? Do you give their inheritance directly to your ex-partner to spend?
Example 3: You prefer to pass assets down your blood-line rather than to ‘in-laws’.
Example 4: Your intended beneficiaries receive state benefits, that are means tested, and an influx of inheritance could affect their income.
Example 5: You want to by-pass your partner on death and give the assets to your children otherwise you are storing up a bigger inheritance tax issue.
Example 6: You could end up with a tacky and cheap funeral.
This list is almost endless and there will inevitably be issues that you have never even considered that are very important to you.
Is writing a Will hassle?
Our Legal Consultants will eradicate all the paperwork issues, answer any questions that you have, and explain all the terminology. Furthermore our Legal Consultants provide this Will service in the London area and throughout Central London, in fact the Will service is available anywhere inside the M25. We have been writing Wills for a good number of years and therefore have the experience in dealing with all different types of estates backgrounds. All of our Legal Consultants are trained by the Society of Will Writers and as a full member of the Society we have in place a professional indemnity insurance of £2 million.
Took book a visit please call T: 020 7993 2044 or alternatively complete the enquiry form on the right-hand side of this page.
Will Writing services are not regulated by the Financial Conduct Authority. Niche Wills is a trading style of Niche Advice Limited which is a member of The Society of Will Writers.
Author: Richard Stokes
Richard Stokes is a partner at Niche Advice who are whole of the market Independent Finance Brokers In London. His role is very much focused on on Mortgage and Insurance products.