An average of 60% of people in the UK does not have a written Will because they regard writing a Will as a difficult task. Everyone; above the age of 18 years, should ensure he or she writes a bequest, whether you are in your early twenties or late eighties. There are no authorities on writing the Will, but making one will give you and your family peace of mind.
The Direct Wills and Trusts is an organisation which understands that writing a Will is a complex issue, and they are assisting you with all services relating to inheritance, including; Will writing, lasting powers of attorney, asset protections and trusts. The company comprises of local professionals, and they offer cost effective services, for instance, if you want to terminate or change your Bequest.
The Direct Wills Trusts company is located in several countries in the UK, including; England, North Ireland, Scotland and Wales. If you are in England, you can contact the company in several outlets, such as London, Oxfordshire, Norfolk and Bristol.
Why is it important to make a Will?
Making a Will is associated with many benefits, to the family and friend of the deceased in several ways:
If one dies without having bequeathed his or her properties, he or she leaves his or her family and loved ones with complex legal issues. For instance, if your marriage is not legal according to the law, and a partner dies, the properties may end up inherited by the family members of the deceased; parents, brothers or sisters rather than his or her husband /wife or children. Therefore, it is advisable to decree your inheritance, whether married or not.
Writing a Will ensures that, after one dies the distribution of the assets will be according to your wish. Without the bestowal, the law will dictate the allocation of the property, and the inheritance can end up falling to the wrong people, including people outside your family or to charity organisations.
A Will assists your family members and a solicitor during periods of unexpected ailment. In the Will, you can appoint a trusted person to make significant decisions on medical care or funeral expenditures. Moreover, you can include the name of the individual whom you would wish to be an executor of your bequest. An executor is an important person in the allocation of the inheritance, and he or she will work together with a solicitor, to ensure appropriate execution of your desires.
It is advisable to write a Will when your circumstances, including; divorce or forfeiture, occur. For instance, you can change your dispensation if you separate with your partner, and your ex-partner marries somebody else. Alternatively, if you enter a legal partnership, you will need to make another bequest, and your previous one will become unenforceable.
If you have children, it is worthwhile to make a Will so that, if both parents die, there will be an allocation of the assets, when they attain a certain age; probably 18 years, which is recognised by law. Additionally, you can specify a trustful person, who is to take care of the children and the properties until the kids attain the age of 18 years.
Thing to include in a Will
For you save money and time when making a Will, there are certain particulars you will need to consider: the key facts to include in the bequest, such as your possessions, including; properties, savings, shares, occupations, banks and building society accounts. You will also need to identify a list of beneficiaries; children, wife/ husband, grandchildren, close relatives, cousins, aunts and uncles. If you are neither married nor have children, you can decide to include your brothers and sisters. Additionally, you can add a close friend, such as a workmate.
For your Will to be enforceable, it must be made in writing, have your signature and two witnesses present during the making of the Will.