Only 1 in 10 people know these five facts about dying without a valid Will.Smart Will
If you have a valid Will in place already, then you have taken steps to protect your family and assets against the rules of intestacy. But not everyone has a will in place.. (70% of the UK’s population to be more accurate) but why is this and why would you not want to protect your assets and family after you’re gone.
How many of the following facts did you know about dying without making a Will?
- If you die without making a Will, there are certain rules that dictate how your estate is divided (rules of intestacy). These rules are usually not how you’d like your estate to be shared and can cause lots of unnecessary stress at an already very stressful time.
- If unmarried couples are not in a registered civil partnership, they will not automatically inherit from each other unless they have a Will in place. This can cause serious financial problems for the surviving partner.
- Children may be taken into care by the local authority if you were to die without appointing guardians in your Will. This is especially important for single parents who do not have contact with the child’s mother or father.
- Writing a Will can help reduce inheritance tax your family pay when you pass.
- If you have written a Will in the past, changes in the family can mean that your current will may be invalid. This can include things like marriage, divorce, or if there are any new family members such as a new baby, you might want to update your will to include them.
Online wills are a quick and easy way to avoid the issues above and it takes on average just 10 minutes to complete. If you haven’t already, write your Will on the Smart Will App today and take advantage of FREE updates for life so that if things do change, you can rest assured that you will not be charged over and over unlike using a solicitor.