The importance of a valid Will
If you died tomorrow are you sure what would happen to your assets, care of your children, savings and property. The only way to answer that by saying yes is by having a current Will. By making a Will you have state exactly what you want to happen to everything you have control over in your lifetime. If you are unmarried or not in a civil partnership, then your partner is not automatically entitled to anything of yours no matter how long you have lived with them. Your children are entitled and your direct descendants are even if you have not seen them for years or you don’t know who they are.
If you are married or in a civil partnership and do not make a current Will, then any existing Will remains valid which might not be what you want if it provides for your ex-partner. If you do not have a Will then until you remarry your partner automatically will inherit your assets which might not be what you want.
On marriage any existing Will becomes void, this applies if you have been divorced or have never been married the result will be that your partner will inherit what you have left as if you had no Will.
The only way to make sure that you have peace of mind knowing that in the event of your death you have made provision for the care and maintained of children and or relatives, and that what you own goes to who you want it to is by making a Will.
You can also protect your well-being, finances and those who are dear to you by making a lasting power of attorney. This gives authority to people you trust to administer your finances and affairs if you become mentally or physically incapacitated in the future. This can be cancelled by you at any time if you are still of capacity, but cannot be entered into if you have lost capacity, so delay is not recommended.
To find out more contact us to arrange an appointment.
