Many people are put off making a Will, because they feel they are not at ‘that’ stage in their lives yet.
However no matter what age you are or what your personal circumstances may be, writing a Will is a vital part of planning for the future of your loved ones. It is also the only real way of guaranteeing your wishes are respected after your death.
It is a common myth that your spouse or partner will inherit everything automatically should you die. In fact, this is only the case if your estate is under a certain value or if you have no other relatives who survive you. If you are unmarried, but have a partner, they could be entitled to nothing if your wishes have not been stated in a legally binding document.
Children under 18 should always be considered as their future will rest in your hands should there be no surviving person with parental responsibility. You can choose a guardian, so that you have peace of mind about their future happiness and security.
If you do not make a valid Will the law decides what happens to your possessions, regardless of any wishes you may have had. There are also financial benefits linked to making a Will. Your family can be spared any unexpected legal bills and, dependent upon the value of your estate, you can ensure that the minimum amount of tax is payable.
If you have already made a Will, don’t forget it, you should check that it still reflects your wishes and the value of your estate. Circumstances also change; the birth of children or grandchildren, marriage or indeed divorce can result in the need for amendments to be made.
Things to consider when making a Will
- Who you would wish to appoint as an executor and trustee. You may also wish to provide details of back up executors in the event that your chosen executors are unable or unwilling to act. At least 2 back up executors are recommended if money is to be held on behalf of children under the age of eighteen
- Who you would wish to appoint as a guardian for your children if they are under the age of eighteen
- Whether you would like to leave any gifts of money or property (such as jewellery or other personal items) and if so, the full names and addresses of the beneficiaries
- Who you would like to receive the remainder of your estate
- Whom you would like to receive your residuary estate in the event that your chosen beneficiaries have predeceased you. For example, it is common for spouses to leave their estates to each other in the first instance, with a provision on to children in the event that both spouses have passed away. Some people also like to include back up beneficiaries in the event that the whole family dies simultaneously (often referred to as a disaster scenario)
- At what age you would like minors to inherit. The legal minimum age is 18 however, this can be increased to say 21 or 25
- Whether you would like to include any funeral instructions such as burial or cremation.
Jo Robinson heads up operations at FB Wills Direct a division of Flint Bishop Solicitors. Find out about making a will quickly and easily at our web site www.fbwillsdirect.com or contact jo.robinson@flintbishop.co.uk
Hi there, just became alert to your blog through Google, and found that it’s truly informative.
I’m gonna watch out for brussels. I will be grateful if you continue this in future.
Numerous people will be benefited from your writing. Cheers!
It’s amazing in support of me to have a web page, which is helpful in favor of my knowledge.
thanks admin
I love it when people come together and share
opinions. Great site, continue the good work!
What’s Happening i’m new to this, I stumbled upon this I have discovered It positively helpful and it has helped me out loads.
I hope to contribute & assist other users like its aided me.
Great job.
Thanks for sharing your thoughts on how to download minecraft
free. Regards
My relatives all the time say that I am killing my time here
at net, but I know I am getting experience all the time by
reading thes good articles.
Hola! I’ve been following your weblog for a while now and finally got the courage to
go ahead and give you a shout out from Dallas Tx! Just wanted
to tell you keep up the fantastic job!
WOW just what I was looking for. Came here by searching for
g
Normally I don’t read post on blogs, but I wish to say that this
write-up very compelled me to take a look at and do so! Your writing taste
has been amazed me. Thanks, quite great article.
When someone writes an post he/she retains the idea of a user in his/her brain that how a user can know it.
Thus that’s why this piece of writing is great. Thanks!
Howdy, i read your blog from time to time and i own a similar one and i was just
curious if you get a lot of spam comments? If so how do you
prevent it, any plugin or anything you can advise? I get so much lately it’s driving me mad
so any support is very much appreciated.
Hey very interesting blog!
Thank you for the auspicious writeup. It in fact was a amusement account it.
Look advanced to far added agreeable from you! However, how could we communicate?
Can I simply say what a comfort to find someone who actually
knows what they’re talking about on the web. You definitely know how to bring a
problem to light and make it important. A lot more people
must read this and understand this side of your story.
I can’t believe you aren’t more popular since you surely
possess the gift.
Hi there colleagues, its great paragraph regarding educationand fully defined, keep
it up all the time. Maglie Calcio A Poco Prezz
Hey! Do you know if they make any plugins to safeguard against hackers?
I’m kinda paranoid about losing everything I’ve worked hard
on. Any suggestions?
You have made some really good points there. I looked on the internet to learn more
about the issue and found most people will go along with your
views on this site.
Way cool! Some extremely valid points! I appreciate you penning this post plus the rest of the site is extremely good.
Highly energetic blog, I liked that a lot. Will there be a part 2?
Wonderful beat ! I wish to apprentice at the same time as you amend
your site, how can i subscribe for a weblog website?
The account aided me a appropriate deal. I were a little bit
acquainted of this your broadcast offered vivid clear idea
Wow! This blog looks just like my old one!
It’s on a completely different topic but it has pretty much the same layout and design. Superb choice of colors!
Good day! This is my first visit to your blog!
We are a team of volunteers and starting a new project in a community in the same niche.
Your blog provided us useful information to work on. You have done a extraordinary job!
Hello there, I found your web site by means of Google whilst searching for a similar
topic, your website got here up, it appears to be like good.
I have bookmarked it in my google bookmarks.
Hello there, simply became aware of your weblog through Google, and located that it is really informative.
I’m going to watch out for brussels. I’ll appreciate in case you continue this in future.
Numerous people will likely be benefited from your writing.
Cheers!
You’ve made some really good points there. I checked on the internet to
find out more about the issue and found most individuals will go along with your views on this web site.
I relish, cause I discovered exactly what I was looking for.
You’ve ended my four day long hunt! God Bless you man. Have a nice day.
Bye
Excellent post. I was checking continuously this blog and I’m impressed!
Extremely helpful information specially the last part 🙂 I care for such info a lot.
I was seeking this certain information for a very long time.
Thank you and best of luck.
Your way of describing the whole thing in this paragraph is truly
pleasant, every one can easily understand it, Thanks a lot.
It’s a pity you don’t have a donate button! I’d certainly donate to this fantastic blog!
I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account.
I look forward to brand new updates and will talk
about this blog with my Facebook group. Talk soon!
Everyone loves what you guys tend to be up too. This sort of clever
work and reporting! Keep up the awesome works guys I’ve incorporated you guys to blogroll.