Thinking about the worst is not something that any of us like to do. But unfortunately, life doesn’t always turn out the way we had planned.
Preparing a Will isn’t just for those at retirement age. If you have any assets or money at all, you should have a bulletproof Will in place to make sure they are left with the right beneficiaries. In the absence of a Will, your home, savings and more importantly – the financial security of your family is at stake. We’ve seen it all too often and it’s heartbreaking.
The number of people contesting Wills today is much higher than it used to be, which provides another compelling reason to put your Will in place. Firstly, people are becoming wealthier, so there is more wealth to leave behind. Secondly, the rising divorce rates are creating complex family structures that aren’t as straightforward as they were in the past.
Preparing your Will
If you haven’t yet prepared a Will, consider the following questions:
- How much is your estate worth and who will be your beneficiaries?
- Do you wish to include any specific charities?
- Who will execute your Will after you’ve gone?
- Do you need to name legal guardians for children under 18?
- Do you need to mitigate any inheritance tax liability?
Already have a Will?
If you already have a Will prepared and haven’t looked at it for a while, it might be a good idea to go through it again and make sure you’ve left no stone unturned. Perhaps your situation and circumstances have changed and you wish to make some adjustments. There’s no better time than today.
Ensuring there are no discrepancies in your Will is not a simple task. We can work with you to ensure your Will covers all facets of your estate, to reduce the likelihood of any legal dispute. If you need some expert help on preparing or reviewing your Will, don’t hesitate to get in touch.