A Will is one of the few products people purchase that will, eventually, have a 100% utility rate!
At the end of the day, everyone will use the Will that they have purchased. It's something that people often don't enjoy talking about, however having a Will can ensure that your legacy passes to those you want.
If you die without a Will, your estate will be divided according to the laws of intestacy. This is a predefined list of beneficiaries, over which you have no say. It could lead to your estate passing to people that you don't want to benefit, or could lead to inheritance tax issues for your children or descendants. Writing a Will with a professional Will writer ensures that these issues will be considered and avoid the laws of intestacy being applied.
If you are a parent with children under the age of 18, your Will can be used to appoint Guardians. Within your Will, you may appoint primary and reserve Guardians who will take on the role of looking after your children if all parents with parental responsibility have passed. Without a Will, it is likely that the Courts will appoint a Guardian, which may not be the person that you have chosen.
Your Will can be used to request funeral wishes, such as the type of funeral you would like or any specific requests. Often these can be requests about the colour of clothing people wear at the funeral, or if you would like donations to a charity in lieu of flowers.
Your Will can be carefully written to ensure that your estate passes to those you want, as well as taking into consideration issues such as inheritance tax. Within a Will, you can specify who will benefit from your assets and even put your assets into a Trust to pass to beneficiaries upon set circumstances being reached.
To find out more about how Protect Will Writing can help you write your Will, contact us today.