
Many people leave the comparatively
simple task of making a Will until tomorrow. By making a Will
you can ensure that all your wishes regarding your estate will
be given full legal effect, so that your estate can be passed
on to those who you wish to benefit.
The importance of making a Will cannot be overstressed. If you die without making
a Will the state directs who inherits your assets so your relatives, friends
and favourite charities may receive nothing.
It is particularly important to make a Will if you are not married to your partner,
this is because the law does not automatically recognize partners as having the
same rights as husbands and wives. As a result, even if you've lived together
for many years, your partner may be left with nothing in the event that you have
not made a Will.
A Will is also vital if you have children or dependants who may not be able to
care for themselves.
Without a Will there could be uncertainty about who will look after or provide
for them if you die.
You may have made a Will several years ago, but have found that your circumstances
may have changed.
You may have subsequently married or divorced which can make an existing Will
invalid.
Your family may have increased or decreased or the value of your estate may have
altered considerably, all of this shows that you must review your Will regularly
as it may need to be revised or amended to allow for those changes.
We work hard throughout our lives to build our personal
wealth, which is why it is vital to take steps to protect our money and our assets
so that it can be enjoyed by those people and organisations most important to
us, once we have gone.