Writing a Will – Everything you Need to Know
Writing a Will might not be the first thing you want to think about. But getting your affairs in order while you still can is incredibly important. From Estate And IHT Planning to private wealth management, itâs a good idea to think about what you own and what you want to happen when you pass away. Contrary to popular belief, Will writing doesnât have to be depressing. Instead, it can be an empowering procedure allowing you to take control of your assets and wishes while thinking of the future of your loved ones.
With this in mind, letâs take a closer look at what you need to know about Wills and why having one is a good idea.
Writing a Will allows your voice to be heard
First things first, writing a Will isnât a death sentence. Nor should it be something you rush into following an accident or sickness. Itâs simply preparation. And it can be updated as your life changes. So any decisions your make are not set in stone. A Will allows your voice to be heard beyond the grave and ensures that:
- Your estate goes to the right people
- Your dependents are secure
While the law favours blood relatives, a Will also ensures any stepchildren are provided for, according to your wants and wishes. This also applies to any friends or relatives who played a significant role in your life.
- You can choose a legal guardian for your children
- Unmarried partners are protected
With all this considered, take the time to create a Will you feel happy with. Remember, if you leave nothing to confirm your wishes, the law will act on your behalf.