Penn Chambers Wills & Probate | Seven Good Reasons to Make A Will Now

Wills & Probate | Seven Good Reasons to Make A Will Now

Article provided by Penn Chambers:

Making a Will is not normally high on a list of most people's priorities, nor is it a particularly engaging activity, but there are a number of really important reasons why you should make a Will, and do it soon.

1. Your wishes will be fulfilled - whatever you decide should happen after your death, both to your estate but also regarding your funeral, can be stipulated in your Will. Therefore, if for example you want a portion of your estate to be given to a favourite charity or favourite aunt, this can be made a certainty by using a Will.
2. Intestacy laws will not apply - intestacy means that someone has passed away without leaving a Will. The laws of intestacy, can be very strict and unfair - and depending on the size of your estate, there may be a limit as to how much your spouse will be given. In the event of you dying with no blood relatives, your estate will be given over in total to the Crown. By making a Will, this problem can be avoided entirely.
3. Your children will be cared for - if you have children, you will be able to stipulate who you wish to be their legal guardian. You will also be able to make financial provisions for them, for example, to remain in the family home until they reach adulthood. Without a Will, they could be taken into care until a decision over who will look after them can be made by the court, and even then, they could be placed with someone you would not have chosen.
4. Protect your partner if you are not married - common-law partners have no legal rights at all so if you and your partner have never married and you die leaving no Will, there is the very real possibility that your partner will be in financial difficulty. Your Will should be used to protect your partner from such an event.
5. Inheritance Tax Issues - any estate worth over £325,000 is subject to inheritance tax and a Will can help you plan more tax efficiently, as many properties are worth more than this alone. For more, read The Nil Rate Band and The 7 Year Rule article HERE.
6. Divorced but not remarried - many people do not realise that if you are divorced and not remarried and you leave no Will, your ex-spouse may inherit some or all of your estate. This issue needs to be looked at in conjunction with the advice of a Family Solicitor and we have them in our practice to do just that - free of charge, as part of our service to you.
7. To help out your family - when you die intestate the whole process of probate takes much longer and is much more complicated. This will leave your loved ones with a complicated legal position and possibly in financial difficulties until a Grant of Probate is obtained. This has to surely be one of the best reasons to make your Will.

If you were already thinking of creating a Will, please consider reading Should You Use Online Will Writing Service? next.

The information provided in this article is not intended to constitute legal advice and you should take full and comprehensive legal advice on your individual circumstances by a fully qualified Solicitor before you embark on any course of action.

ABOUT THE AUTHOR:

If you are looking for any Estate Planning advice including Wills, Probate, Tax, or Power of Attorney matters contact:

Penn Chambers
13 Austin Friars
London
Greater London
EC2N 2HE
comms@penngroup.co.uk
www.pennchambers.co.uk

<p>Wills & Probate | Seven Good Reasons to Make A Will Now Video</p>

This article "Wills & Probate | Seven Good Reasons to Make A Will Now" is rated

4.8 / 5 based on 13 reviews. †

Rate it:

☆☆☆☆☆

Other Guest Posts:

» Wills & Probate Duties of an Executor - This will then help work out what amount of tax is owed ...
» Before Making a Housing Disrepair Claim - Major repairs like fixing a broken toilet and structural damage are the landlord's responsibilities ...
» What Repairs Is My Landlord Liable For - This compensation will vary from case to case ...
» Top Tips When Dealing with a Rogue Landlord - If you understand your legal rights and act accordingly ...
» Peculiarities of legal job opportunities - Whereas this work enables you to pursue redress for such people ...
» Why Is It Important to Hire a Content Writer - But your talent for choosing a niche business has nothing to do with content creation ...
» Can Quality Copywriting Affect Your Business Strategy - And its influence is huge ...
» Dubai's Business Environment - Understanding the market trends and consumer behavior can help businesses make informed decisions /b and develop effective strategies ...
» Advice on Spanish Wills - The more you add to a Will in terms of reserves for example ...
» Buy Law Firm Review Services - However ...
» Starting a Successful Business in College - Remember that success doesn't come easily; by working hard and being persistent ...
» Why Is It Important to Hire a Content Writer - Content writers knowledgeable in SEO best practices can provide SEO-optimized material; using keywords wisely ...
» Guide to Effective Communication - Business letters ...
» Pointon & Co Solicitors - We've written hundreds of review articles over the past 20 years and if you've already read some on ...
» www.london-law.co.uk - Alexander JLO Solicitors is obviously a very popular firm /b amongst a huge population with plen ...
» Redwood Collections Ltd - Redwood Collections is a debt collection firm based in Croydon. On the 1to1Legal search function we ...
» Lawcomm Solicitors - Usually when we write an article on a firm that handles conveyancing, people are often confused to s ...
» www.hampsonhughes.com - One of the founders of our own 1to1Legal Firm (Mike Beverley) actually started off as an accident in ...

Solicitor Marketing

Search for Legal Help Near You:

Recommended Firms:

accidentclaims scotland.co.uk	reidblack.com
33legal.uk	hallmarksolicitors.co.uk
gloverpriest.com	jarmanssolicitors.co.uk
venturalaw.co.uk	shawandco.com
-- Add your Firm --

Medico-Legal Services for Law Firms:

Medico-Legal UK Chambers offer expert medicolegal witness services through their outstanding team of psychiatrists and psychologists. They have over 15 years' experience and are S12 approved, able to help with reports or at trial.

They are a specialist service with unrivalled knowledge of mental health provision in hospitals, prisons, and local communities in order to direct your clients to the best support.

Visit the website, or call 0800 689 0846.

» www.ml-uk.co.uk »