Writing or making a will is essential for many reasons. A will isn't something that only needs to be written in your later life, and you can draft up a will at any time. Will's are crucial in the event of your passing, as they are your final wishes. Our blog dives into the importance of writing a will, and some of the important things to consider when writing a will. To learn more, keep on reading.
The Importance Of Writing A Will
Without a will, your family may not be able to inherit your items as you wished, and your items may be jeopardised in the process. Read below to understand more about the importance of writing a will.
Choosing Beneficiaries
With a will in place, you are able to choose your beneficiaries and specify exactly who should inherit what from your estate. This ensures that your possessions are given out to the intended family members or friends. It helps to avoid disputes in the event of your death, ensuring that everything is handed out as you have specified.
Minimise Inheritance Tax
A well written will be specific in which assets are given to whom, and by making smart choices regarding your will, there are ways to minimise the amount of inheritance tax that is placed on your estate.
Appoint Guardians
If you have children that are under the age of 18, it’s crucial that you appoint guardians for them in the event of your death. This ensures that your children are being placed in the care of someone you know and trust.
Protect Your Estate
Having a will in place allows you to name executors who will manage your estate and protect it in the event of your death. They will ensure that your assets are handled in line with your wishes, which must be set out in your will. This prevents the occurrence of unwanted claims, and assets being given to the unintended beneficiaries.
Funeral Arrangements
If you have specific wishes for your funeral, or you have already organised your funeral arrangements, you should detail this in your will. In order for your wishes to be carried out, they should be specified, so that your family members can make the necessary arrangement you have asked for.
Mark Redler Solicitors: Reliable Lawyers And Will Solicitors
Here at Mark Redler Solicitors, we understand the importance of writing a will and getting it right. Our wills and probate lawyers are on hand to help you and provide guidance should you need it. To learn more about making a will, get in touch with us today to speak to one of our will solicitors.
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