Wills

Having a will is the only way you can make sure your money, property, possessions and investments (your estate) go to the people and causes you want them to. If you die without having made one, it can leave significant financial problems for your loved ones; but by having one in place, you’re not only protecting them, but can also head off family disputes and even avoid inheritance tax.

Without a will you’ll have no say in what happens to your estate, and your assets would be shared out as defined by law, which may well not be in line with what you want. For example, if you’re married with children, your estate might be divided between your spouse and children, rather than all going to your spouse; and if you’re not married, your partner might not get anything.

There are many reasons to have a will. If you have dependent children under 18, you can decide who should look after them; if you’re not married to your partner, you can make sure your assets go to them; if you’re divorced or remarried, you can make sure the right people benefit; and if you have a particular cause or charity you want to benefit, they can. If your estate’s worth more than £325,000, you can also make sure it isn’t subject to inheritance tax by leaving everything above that amount to your spouse (IHT isn’t payable on money and assets left to a spouse).

Around two-thirds of people in the UK don’t have a will. Make sure you’re not one of them - contact us below.