Why have a Will?
An unsettling number of people don’t have a Will - despite this being the most important and far reaching document that anyone will draw up and sign during their lifetime.
Most people will have assets of some kind to leave behind - creating their ‘Estate’. Every individual’s wishes regarding what will happen to those assets beyond their lifetime requires a Will.
If you already have a Will, congratulations on your caring foresight. Review and updating your Will regularly is important. With the passing of even a short time, circumstances can change which will impact on your bequest wishes and decisions.
If you don’t have a Will, please consider the importance of having your wishes captured and making a will at your earliest opportunity.
Primarily, your Will assists in safeguarding the future of your loved ones when you are no longer with them. By recording your wishes regarding your Estate. Your Will also protects other aspects of life important to you, and can include your preferences of a more personal kind.
Without a Will your ‘estate’ will fall under the laws of intestacy which may deprive your loved ones of the provisions that you would have liked to make for them.
Legally, you can write your own Will, but mistakes can happen which could invalidate the whole document.
We recommend that you rather seek advice from your bank, solicitor, financial advisor or other qualified professional. In this way you’ll know that your Will is properly worded, correctly signed and witnessed. It should then be safely stored for easy access when the time comes for your wishes to be carried out.
Perhaps surprisingly, the making of a Will is a joyful rather than a falsely perceived depressing experience. And, once done, it will give you great peace of mind.