Your will tells everyone what should happen to your money, possessions and property after you die (all these things together are called your ‘estate’). If you don’t leave a will, the law decides how your estate is passed on – and this may not be in line with your wishes.

  1. A will makes it much easier for your family or friends to sort everything out when you die – without a will the process can be more time consuming and stressful.
  2. If you don’t write a will, everything you own will be shared out in a standard way defined by the law – which isn’t always the way you might want.
  3. A will can help reduce the amount of Inheritance Tax that may be payable on the value of the property and money you leave behind.
  4. Writing a will is especially important if you have children or other family who depend on you financially, or if you want to leave something to people outside your immediate family.
2015-10-09T12:47:11+01:00