It's alarming that around 30 million adults in Britain have not prepared a Will. This omission can have severe consequences, especially for parents and property owners. Without a Will, the law decides the distribution of your assets, potentially against your wishes.
Thankfully, our industry-leading online service allows you to write a Will from the comfort of your home, either over the phone or online.
The risks of dying intestate
The legal term for passing away without a valid Will is "dying intestate." In this scenario, your assets are divided according to legal statutes, which might result in your loved ones inheriting nothing.
If you or a loved one might lose mental capacity, it’s crucial to secure a lasting power of attorney (LPA). Without an LPA, an external deputy could manage your finances, causing family difficulties and significant expenses. An LPA ensures that a trusted person handles your finances and assets, providing peace of mind for you and your family.
The importance of professional Wills
Having a professional Will drawn up is affordable and can significantly reduce stress for your loved ones. Professional Wills are available from us for as little as £41.99. Joint Wills, known as mirror Wills, are also an option for couples for £59.99.
All Wills created using our service are reviewed by our team of Will professionals to ensure that every detail is correct and legally binding. This review process guarantees that your Will is airtight and adheres to all requirements, giving you peace of mind that your wishes Will be carried out as intended.
Considering a living trust
A living trust, like a Will, protects and distributes your assets but can be more comprehensive. It often bypasses court processes, saving time and legal costs. A living trust can be especially beneficial if you have specific wishes regarding asset distribution.
Benefits of planning ahead
Planning ahead ensures that you can specify exactly who your benefactors are. Rather than letting the law decide, you can control how your inheritance is divided among your loved ones. This is particularly important if you have specific wishes about who should receive certain assets or if there are individuals you want to ensure are provided for. By setting these terms in a legally binding document, you can prevent potential disputes and confusion among your heirs.
If you have children under the age of 18, planning ahead allows you to nominate their guardians. This is a critical aspect of Will preparation, as it ensures that your children Will be cared for by individuals you trust in the event of your untimely passing. Without a Will, the court Will decide who takes care of your children, which may not align with your wishes. Designating a guardian in your Will provides clarity and security for your children’s future.
Choosing your executors is another significant benefit of planning ahead. Executors are responsible for carrying out the instructions in your Will, so it’s important to select individuals you trust to handle this responsibility. By naming your executors, you can ensure that the administration of your estate is managed smoothly and according to your wishes. This can help avoid delays and additional stress for your family during a difficult time.
A well-prepared Will also allows you to set out your wishes for specific possessions. Many people have treasured heirlooms or keepsakes that they want to pass on to particular loved ones. By clearly stating these wishes in your Will, you can ensure that these items go to the people who Will value them most. This personal touch can be a meaningful way to leave a lasting legacy.
Writing a joint Will/mirror Will with your partner is an option that can align your wishes and potentially provide cost savings. Joint Wills, also known as mirror Wills, ensure that both partners have consistent plans for the distribution of their assets. This can simplify the process and ensure that both parties' wishes are respected.
Start making your Will today
Don’t leave your loved ones’ future to chance. Use our online service to create a professional Will from the comfort of your home for an affordable fixed fee.
