You may not think you need a Will, or you might wonder whether you have anything worth saving at all but having a Will in place is so important. Imagine one of your parents dies and you don’t have any idea where to begin. There are people laying claims to items, your siblings are arguing constantly, and you feel totally overwhelmed by the stress, emotional strain and sadness that is happening in your life right now. Now imagine if one of your loved ones had to do that for you. This is why a Will is so important, so make a Will. If not for you, then for your loved ones.
However, we know that not everyone understands why a Will is so important. It’s something we’ve all heard of but don’t really know much about, so we’ll explain the importance of having one here for you…
What is a Will?
While you might know the general concept of a Will, have you ever wondered what it actually does? A Will is a legal document that coordinates the distribution of your assets after death and can also appoint guardians for minor children. It will set out instructions for who will inherit your property and belongings, legally documenting what should happen after you die. We know that this isn’t an easy thing to discuss, and you may be pushing it back for as long as possible, but it’s really important you get a Will in place. Especially as it will make things a lot smoother and easier for your family and friends to cope with during an already stressful and emotional time.
So why is it so important?
And there are many reasons why it is so important to get a Will put in place. Having a Will ensures that your wealth is distributed to those you want, in the way you want, also meaning your family and friends know they have respected your wishes. It is your choice on whether you decide to get a Will or not, but it is important that you are aware of the potential consequences of not having one. In most cases, if you do not have a Will, the Law will dictate how your estate is to be distributed. This means you won’t have any say on where your money, property or possessions go when you die, and your loved ones might not receive anything at all. Having worked so hard throughout your life, don’t let it all go to waste.
Not only does a Will ensure that your possessions are distributed respectfully, but it also helps you minimise taxes payable, so as much wealth as possible can be retained by your beneficiaries. And while the cost is a massive benefit, it also makes process for beneficiaries a lot smoother by having organised inheritance plans. Our inheritance tax planning service at Amicus Law provides a simple and straightforward process for professionally, practically, and efficiently managing your affairs, giving you peace of mind that your assets will be managed in accordance with your wishes.
What do Contested Wills mean?
But there may come a time where you feel like a Will is not as it should be, so you can contest this. Our specialist team of experts can guide you through the process every step of the way to ensure that you are getting the best effective strategies to challenge the existing Will. To do this, you will deal with the same lawyer from beginning to end and will not be passed from department to department. It’s really important you have a good solicitor on your side when contesting a Will so that you can have confidence in them doing everything they can on your behalf to achieve the best outcome.
So it is really important that you get a Will put in place. You owe it to your loved ones, and we can guide you through the whole process, because we’re on your side.
Visit our website today to get started on your Will with our team of legal experts.