There are many reasons why you should make a will. In this article we will look at a few of these in no particular order. I am only looking at this from the perspective of being a United Kingdom resident, as I have no idea of the laws in other countries with regard to Wills. I am based in Lancashire in the UK, and I am writing from this perspective.
If you have not made a Will before you die, it can cause major delays for your family before they are able to sort out your estate and your affairs. The government can put a deputy in charge of your affairs, and the expense of this can be taken out of your estate. Whereas if you have made a Will and appointed executors you know and trust to carry out your wishes, then there it can be a nice, smooth process.
Importantly, you can make sure that you leave your estate to the people who you really want to get it. Your Will can make it set in stone, and so there can be no arguments or fighting over who is getting what. You can make provisions to give certain items to certain people, for instance, if you have a ring that you wish to give your favourite niece, you can have that written into your Will.
You can protect your property by making a Will, as well as protecting your family. At present, if your assets are over £22,500, your partner has already died, and you are taken into a care home, the council can put a charge on your house to pay in full for your care, which can often be around £500 per week.
But if you set up a Property Protective Trust in your Will the council will be unable to do this and your house will be safe.
If you want to make a will and you live in the Lancashire area then click on Make A Will.
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