The seven most important reasons why you need a Will

The seven most important reasons why you need a WillYour Will is your opportunity to tell people formally how you want things to be handled when you pass on.This is an important document and there are some very good reasons why you should make one.These aren’t necessarily in order of importance, as everyone’s situation is different but we think these are the most compelling reasons why you need to sit down and organise your affairs as soon as you...

Can your executor find your Will?

Can your executor find your Will?There can’t be many people that haven’t seen films or TV shows where the central plot device is the loss and search for a WillIt might be funny on the screen but in real life, the loss of a Will can cause heartache and frustration and can even stop your instructions being carried out.The number one rule – tell your executors where to find your WillThere really is no point in going to the trouble...

Thinking about writing an online Will?

Firstly, congratulations, it looks like you are researching how to sort out your affairs before its too late. Unlike 70% of the UK adult population. Getting organised with your future planning, sooner rather than later can save your family from all kinds of stress, legal implications and save them thousands in legal fees in the process. Great move! Online Wills are great for some people and not so great for others. So how do you know if an online Will is...

Average Cost Of Making A Will

What Is The Average Cost Of Making A Will?What Is A Will? A will is a very important part of elderly life. If you die without a will, your family assets have no protection. There will be not directive to decide who gets what assets which can cause distress in an already unpleasant time. While thinking about death is often difficult or unpleasant, it's very important that you have a will when you die. Even if you consider yourself to...

What are the benefits of putting life insurance policy into a trust?

What are the benefits of putting life insurance policy into a trust?There are some significant benefits to putting a life insurance policy into a trust (called “written in trust”) and it’s important to consider whether this is an option for you.When you take out a life insurance policy you are naturally thinking of your loved ones and it is a fair bet that you would be hoping that the money would be quickly distributed and in full.However, a life...

What happens if a gift in my Will fails?

What happens if a gift in my Will fails?When we make a Will, we often think that our wishes will be carried out exactly as we expect but life is rarely straightforward and there can be circumstances where gift in a Will can fail.So, before you make your Will it is a good idea to think about the potential circumstances where your gifts could not work out the way you intended.No longer owning the giftThis is a pretty common...

Can I hand write my Will?

Can I hand write my Will? This is a question that often gets asked and it may seem at first glance like a sensible thing to do. Indeed, it is legal to handwrite your Will in the UK and it might seem like a quick and cheap option but nothing could be further from the truth. There are some significant issues with handwriting your own will and we would strongly advise against it. The first problem with this method of drawing up your...

Not made a Will? – this is where your money will go

Not made a will? – this is where your money will goIf you haven’t made a will (called intestacy) then there are strict rules that could well end up flouting your wishes.Death intestate is remarkably common in the UK. If fact new research shows that 50% of people don’t have a will and this increases to 72% in the 35-55 age bracket.Just because it is common though doesn’t mean that it isn’t upsetting and the lack of a clear...

The common mistakes people make when they don’t make a will.

Mistakes people make when they don’t make a will If you haven’t made a will then you may think that all of your money might just automatically go to your partner but nothing could be further from the truth. In fact, there are strict laws that set out how assets should be distributed upon someone’s death if they haven’t made a will. Passing on without a will or intestacy as it’s called in law is unfortunately quite common but it can cause...

Will Writing Software

Will Writing Software There are various will writing software packages out there for professional solicitors and members of the public alike. With so much choice it can be a confusing place for an individual without any legal knowledge or experience to ensure they are making a sensible decision.  Should I use a solicitor? The first thing that anyone should consider before they write a will is whether or not a solicitor is needed. Many people assume that wills can only be written...