Making a Will is the only way to ensure that your wishes are carried out after your death. If you do not make a valid Will, your property will pass according to the Law of Intestacy. This may not happen the way you would have wanted and also takes much longer than if you have had a will. During this time your beneficiaries may not be able to draw money from your estate.
You will want your estate divided amongst friends, relatives and charities of your choosing and in the proportions you want.
Don't assume "my other half will get everything". Brothers and sisters or parents may have a claim. Often you children have a right to part of your estate. If you are living as a couple but not officially married, you may be treated as a single person and a surviving partner may get nothing at all.
You should consider who would look after your children in the event of your death. This is particularly important in the case of one parent families or unmarried parents living together. A valid Will nominating guardians is invaluable in such cases. If no one knows what you would have wanted, the Court will decide on the future of your children.
Maybe you made a Will a long time ago. It probably needs updating to include additional grandchildren or deletion of persons you no longer feel you wish to leave anything to.
For more information, or to speak to one of our team, visit wapuk.co.uk