Legal Eagle Tips Making a Will
Making a Will is essential if you want to be sure of leaving your property and possessions to your loved ones
(known as “benefi ciaries”)
• A Will allows you to provide certainty and clarity on a whole range of practical matters.
• If you have children, it can say who should look after them if you died unexpectedly.
• You can name trusted individuals to handle the administrative side of dealing with your property and possessions.
• You can protect your assets for your family and future generations.
What happens if I don’t have a Will?
If you die without a Will, the Rules of Intestacy decide who will receive your property and possessions. These rules were created back in 1925, so they don’t properly refl ect today’s families and modern living arrangements. On the positive side, the Rules of Intestacy aim to take care of spouses, civil partners and biological children. However, they don’t make provisions for unmarried partners, step-children, friends, pets and charities.
Your Will MUST be professionally written
Wills are important legal documents and a badly written or incorrectly worded Will can create even more problems than not having one at all. So it’s important to seek the help and advice of a professional, i.e. ME! People continue to use DIY packs and self-help books to write their Wills, but fail to take into consideration how a small mistake made now could be costly for their family in the long run.
Importance of keeping a Will up to date
You may have already written a Will; perhaps when you bought your fi rst house or when your children were young. However, as a lot may have changed since this Will was written, it may not properly refl ect your wishes now. For example, you may now have grandchildren or some of the people mentioned in it may have since passed away or you may now have more or different assets. You may be worried about the effect of care home fees on how much you can leave to benefi ciaries. I can help.
It’s advisable to review your Will after every signifi cant life change, so it still refl ects your wishes. Life events such as marriage or divorce mean that parts of your existing Will (or even all of it) will automatically become invalid, making a re-write necessary.
John Edge
Legal Eagle Wills Ltd 01202 883293 • 07415-512148
18
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