Most people don’t like to think about their own mortality, but planning for the future is important to ensure your estate; property, money and possessions are distributed the way you intend.
Writing a legally valid will is an essential part of this, and can provide peace of mind for you and your loved ones.
Despite this, a study from YouGov found that 62% of the UK’s adult population did not possess a will in 2017. In fact, most people tend to put it off, with only 36% of 45 to 54-year-olds saying they have a will, compared to 67% of over-55s.
When asked why they hadn’t made a will, the main reason was simply that they “hadn’t got round to it yet”.
If you’re among the majority of people in the UK who haven’t drafted a will, this article covers why you need one, how to go about making one, and what could happen if you don’t.
It includes information about Why you need a will, How to go about making a will, Tax considerations, What makes your will legally valid, How to update your will and the Consequences of not making a will.
Contact us for help with the whole process of understanding your estate value, the tax implications and how to make up your will.