Do I Need a Will?
The only time our answer would be “no” is if you have no assets and/or no children.
Why do I need a Will?
A Will lets you direct who should receive your money and property (your “assets”) and who should be in charge of looking after your assets in between your death and your assets passing to your beneficiaries. See our post about what to think about when deciding who to appoint to look after your assets here
Your Will also lets you appoint who you would like to look after your children after your death.
If your financial circumstances are such that your assets may be taxable on death, your Will can be drafted so as to minimise the effect of tax.
What happens if I die without a Will?
Your assets will pass to beneficiaries named in law. Those beneficiaries may be different to who you would like your assets to pass to.
For example, common law spouses or cohabitees are not beneficiaries named in law and so will not receive any of your assets if you die without a Will. This could lead to your common law spouse or cohabitee making a claim against your estate for reasonable financial provision which would be costly, time consuming and stressful for all involved.
To make an appointment to make a Will, please telephone 0116 2628596 and ask to speak to a member of the Wills and Probate Team or alternatively email email@example.com or firstname.lastname@example.org.