Many customers come to Town & Country Law and first ask our specialists, “Why is it important to have a Will?”
NONE of us knows what the future holds. Yet so many people delay making a Last Will and Testament. They don’t ask themselves, “Why is it important to have a Will?”
It may comfort us to believe that we can put off such an important duty. But unforeseen incidents and illnesses can arise.
When they do, an immediate concern on people’s minds is, “Do I need to write a Will?” The answer is inevitably, ‘yes’. The importance of having a Will cannot be underestimated.
Having no Will in place can cause huge distress to our nearest and dearest. This is especially the case when the lack of a Will results in a disinheritance.
When a family loses possessions of material and sentimental value, because someone failed to write a will, the fallout for those left behind can be utterly devastating.
However, we can let our loved ones mourn peacefully by ensuring all of our affairs are in order, and by finding out how to arrange a Will.
Town & Country Law’s legal team are specialists in drafting Wills that guarantee legacy. They write Wills that reflect your principles and priorities. Wills that lets friends and family know how much they mean to you, with the material wealth you leave behind.
Town & Country Law ensures those closest to you can work through their grief, in the most pain-free way, and then get on with living their lives instead of untangling yours.
So, let’s ask and answer a few more important questions here like, “Why do I need a Will and Testament?” “What is included in a Will?” Do I need to update my Will?” and even, “Can I use a Will to pass on my family business?”
At Town & Country Law we are often asked the question, “Why do I need a Will?”
So many customers know they need a Will but they don’t know, ‘what is the purpose of having a Will?’ So few understand the full consequences of dying without a Will.
If you die without writing a Will then the Government’s intestacy rules determine who inherits your estate. This can mean that people dear to you miss out on assets and possessions that you wished or assumed they would inherit.
Under the Government’s intestacy rules unmarried partners, stepchildren, close friends, favoured charities and beloved community groups can all be disinherited against your best intentions. Instead the Government can decide who gets everything.
When you die without a writing a Will your husband or wife is only entitled to receive your possessions, a set amount of £270,000 from your estate and 50 percent of any remaining assets. The remaining 50 percent of all that you own bypasses them.
When you die without a Will in place, the remaining 50 percent goes directly to your children, when your spouse may need the money. And if those children are from a previous relationship of yours, they may wish to sell the property in which your spouse lives - to realise their inheritance.
This isn’t as uncommon as it sounds. The fallout from these situations is unthinkable to many people, but it does occur after death and only a Will can guarantee your wishes are honoured.
The failsafe way to avoid Government officials deciding your choices is to leave a valid Will drafted by professionals who make your intentions clear.
Many family business owners also ask us, “What happens to my company if I die without a Will?” and “does my family inherit my business?”
It’s a valid question to ask because a lifetime’s hard work and empire-building can be easily lost without putting the right end-of-life business arrangements in place.
Businesses don’t automatically pass to families to run in all circumstances. And, if they do, they don’t necessarily pass to the person you deem most fit to manage them.
Only having a Business Lasting Power of Attorney alongside a professional Will can guarantee your family businesses are left legally to those you trust enough to run them correctly.
Life is ever-changing. People, relationships, circumstances and wishes change.
Our specialists at Town & Country Law encounter many people who ask, “Do I need to update my Will?
If you already have a Last Will and Testament, written years ago and possibly now out-of-date, you may be wondering, “is my old Will still valid?”
Many customers do contact Town & Country Law to request a review of an old Will against their changed circumstances. They express concerns like, “is my Will out of date?” and “does my Will disinherit my children?”
Unfortunately, out-of-date Wills still take precedent over any subsequent verbal wishes you may have expressed to family. They can result in disagreements and fallouts between relatives. They can lead to feelings of neglect among family and friends.
The best way to bequeath loved ones their rightful inheritance, after life changes, is to write a new Will. The best way to avoid confusion is to put an up-to-date Will in place.
Having an up-to-date Will guarantees that the most recent developments in your life are reflected accurately in the legacy you leave behind.
Many people put off writing a Will because they don’t know what is included in a Will.
They often ask us, “Is writing a Will complicated?”
The truth is that when you recruit the help of trusted legal professionals who know what to include in a Last Will and Testament, it needn’t be complicated.
Town & Country Law knows exactly what is included in a Will. It offers a comprehensive and professional Will writing service. Then you can feel confident that all of the elements of your estate reach their rightful recipients.
Putting a Will in place with Town & Country Law will:
We hope the sections in this article answer the questions that our experts hear so often from clients. Questions like, “Why do I need a Will? Do I need to update my Will? and What is included in a Will?”
Writing a Will constitutes a single decisive step forward towards taking ultimate control of your life.
Having a Will determines the administration of your estate. It preserves family relationships. It helps to secure family businesses. It prevents stress and financial burden being felt by loved ones when they’re in the midst of grief.
Making a Will is the most fundamental element of good estate planning. It is the only legal way to guarantee that your wishes are fulfilled once you have died.
Writing an up-to-date Will and Testament gives you the legal certainty that your assets and possessions go to the right people.
And, for you, it provides you with a comforting feeling that all of your end-of-life arrangements are perfectly in order.
A Town & Country Law Will is your way to ensure that you live on through your children and loved ones, as you wish, without any undue hassle to them.
To find out more about writing a Will with Town & Country Law’s legal experts, contact Town & Country Law today for a friendly no-obligation discussion about your wishes. Call 01522 282600
Alternatively, one of our helpful team members can visit you in the comfort of your own home, should you prefer. Sometimes, it’s easier to plan these things while surrounded by your possessions, assets and memories of your loved ones.
Town & Country Law ensures all of your estate is examined by highly experienced professionals who listen to your wishes and advise on your assets.
When you reach your conclusion that, “I want to write a Will,” then Town & Country Law ensures you have a Will written by a fully qualified solicitor.
This is how Town & Country Law guarantees your legacy is left legally to your carefully selected beneficiaries.
Contact Town & Country Law on 01522 282600 to get started on your Will.
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