Why is will writing so important?
Well, nothing is certain in life but death definitely is. Hence, it becomes all the more essential to determine how your hard earned money will be distributed among your loved ones. One of the most important documents that can certainly make this happen is your will. But the truth is that most of us do not make a will. The statistics show that from around 66 million people in UK, more than half of the population does not possess a valid will. It’s because people tend to put on certain things on hold and will is one of them.
So if you have a will, you might consider yourself a lucky one because will is crucial for controlling the distribution of your assets and estate. It depends entirely on you whether to take time to prepare for a will just die without having one. But there is no sense in dying without a will because it might not impact you, but it may have serious repercussions for your family. So, you should consider will writing services in UK as it will assure a peace of mind.
What are the benefits of having a will?
Whether you are a parent or a grandparent or single, it’s important for you to do will planning in UK. The benefits of will are enlisted below.
- Appointing legal guardians
Will writing make it easy to appoint legal guardians for children, who shall take care of them until they turn 18. Also, by appointing guardians it can be assured that the children are in good hands.
- Securing financial future
Whether your children are toddlers or are mature enough to handle serious issues, you need a will to decide how much you want them to inherit.
- Sharing your estate
Probably working hard for your whole life, you will definitely want to have the right to decide as to what happens with your estate when you are no more. In order to make an appropriate decision concerning the distribution of your estate, it’s crucial to have a will.
- Securing your assets
Your assets might be frozen if you do not have a will, which will definitely impact your loved ones. So, a will secures your assets for the future generations. It also saves your family from difficulties such as unwanted stress, high expenses, and damaged relationships.
- Avoid intestacy
If you die without having a will, your estate shall be divided according to intestacy. Although, intestacy works well for traditional families, but it’s not suitable for unconventional family structures where step children are involved. Also, it’s a quite a lengthy process that may consume a lot of time. So, to avoid such a scenario, it’s better to have a will.
- Nominate trustees
If you have a will, you can create a trust and nominate trustees who shall be responsible for looking after your assets.
- Appoint executors
Executors are individuals who carry out your last wishes if you die. He shall administer the financial affairs, initiate and work through the probate process.
- Easy to understand your property
Your will allows you to list your assets, property and your accounts in a single document. This makes sure that all the things are included and nothing important goes missed out into unknown pensions.
Take control over your life with this important step
In a nutshell, a will is not a sort of luxury. However, if you have one, you can protect your assets and the future of your loved ones. It’s just the right planning that you need to do to fulfill your wishes. So, if you do not have a will and look forward to have one, you can get the best will writing services in UK. With the help of a will writing solicitor in UK, you can make a will and get a peace of mind for yourself as well as your loved ones.