Sound advice and forward planning can offer significant opportunities to reduce the risk of your wealth falling into the hands of unintended beneficiaries.
Making a Will is the only way to ensure your wishes are carried out after your death.
If you have not made a valid Will, your property will pass according to the Law of Intestacy. This could mean your wishes are not carried out and the distribution of your estate delayed.
Single people may want their estate divided amongst friends, relatives and charities of their choosing.
Married couples should not assume 'their other half will get everything'. Brothers, sisters, parents or children may have a claim. If you are living as a couple but not officially married, you could be treated as a single person, and a surviving partner may not benefit.
Parents should consider who would look after their children in the event of their death, particularly in the case of single parent families or couples living together.
It is vital that your Will is kept up to date and not only reflects your wishes but takes advantage of any opportunities which allow family wealth to be preserved.
A well-structured Will can avoid unnecessary distress. It creates security, reassurance and, above all, peace of mind. Not just for you but for those who depend on you, either now or in the future.
For will writing, we refer enquiries to a third party.
The Financial Conduct Authority does not regulate will writing.