We all know we should write a Will, but it’s one of those things that many of us never seem to get around to.

Not writing a Will can mean chaos and financial worry for your family or dependants after you’ve gone. Without one, you can’t be sure that your money and property will be passed on according to your wishes.

If you die without a Will, which is called dying ‘intestate’, the intestacy rules will apply and they determine who inherits what. This set of old, inflexible rules (dating back to 1925) do not take into account modern family lifestyles and situations. If you are an unmarried couple or not in a civil partnership, for example, you will not inherit under these rules. Your spouse will not automatically inherit all your property (not jointly owned) either.

Other strong reasons to make a Will include: appointing those whom you trust to deal with your affairs when you have gone, called Executor(s); selecting guardians of your choice for children under 18; preventing your heirs paying too much Inheritance Tax and Wills can also be used to limit contributions to nursing home costs.

Examples of types of Will include: Simple Wills, Protective Property Trust Wills and Discretionary Trust Wills. We can advise you which type of Will meets your requirements.

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