Why you should make a Will - NOW
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Every individual over the age of 18 should have a Will - whether they are rich or poor, male or female, single or married. Here are some of the reasons why... |
- A family can suffer acute financial hardship because of the delays in dealing with the estate of a person who has no Will. These delays can run into YEARS!
- The courts may appoint a guardian for your children that you would not have chosen yourself. You can nominate guardians of YOUR choice in your Will to prevent this.
- The professional costs involved in administering an estate where there is no Will are far higher than where there is a Will. Why line the pockets of banks & solicitors with money that will be needed by your family?
"Many people think that their immediate family will get all they own should they die without a Will. This is NOT necessarily true."
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- If you are not married to your partner then he/she will NOT inherit your estate.
- Thousands of small heirlooms and treasures are lost to the auction rooms every year because no one can decide who should have them. Your Will protects your heritage.
- Banks, building societies and insurance companies hold millions of pounds belonging to people who are almost certainly dead - because their families are not aware that it exists.
- Thousands of pounds could be unnecessarily paid in inheritance tax (death duties) because a Will has not been drawn up.
- Family arguments nearly always arise over who should get personal belongings and what type of funeral should be arranged. It is unfair to thrust these decisions upon a grieving family.
- Most people would rather their money went to a charity than to the taxman if they have no one to leave it to. This can only happen through a Will.
- Hospitals lose the opportunity to make use of valuable organs for transplant because no one is sure of the wishes of the deceased person.
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Saturday September 01, 2007 |