The importance of making a Will
Have you got your will in order? Chances are, you haven’t; research shows that over two thirds of 18-54 year olds haven’t made one. A will is one of the most important documents that you’ll ever create, yet It’s understandable that so many postpone writing one, especially in younger years –however, the simple truth is that a will prevents a number of issues arising after your passing.
Thankfully, getting your will in order isn’t a difficult process. The services offered by us at Anglia Probate & Trusts make the writing of your will as straightforward and stress-free as possible – but for now, let’s go through why it’s important to have your will in order.
Making the process easier for your family and friends
Having a will in order will save your family from any extra unnecessary stress at an already difficult time. Your will lets them know exactly what should be done and how things should be distributed, so they can focus on sorting everything out as directed rather than having to deal with the time consuming and stressful process of deciding it themselves.
Ensuring that your wishes are protected and your estate is shared out how you want it to be
Without a will, your estate – made up of your home, savings, investments, belongings, and anything else that you own – will be shared out by the state in a way defined by the law, and this will likely not be in line with your wishes. With a will, you will have specified who is to inherit what, with no interference from the state. With a will, you can have peace of mind that your estate will go to whoever you wish for it to go to.
Save a significant amount of Inheritance Tax (IHT)
Inheritance Tax is a tax on everything in your estate. Working on your will with professional help means you can be advised on any steps to take to reduce the amount of IHT paid, so more of the estate that you’ve worked for will be left to those intended.
Ensuring the security of your spouse, partner, or children
If you have a spouse, partner, or children who are financially dependent on you, then having your will in order will ensure that they are kept financially secure with whatever you decide to give to them as inheritance.
A will also allows you to appoint Guardians if you have young children or grandchildren, ensuring they have someone to care for them that you have personally chosen.
Anglia Probate & Trusts
If you don’t yet have a will in order, then our thorough, compassionate, and professional will writing services will ensure that your wishes are expressed and secured in a legal document, so your estate is shared in the way that you want it to be. Get in touch with us today for more about our services.