A Will is one of the most important documents you will make in your lifetime. Although predominantly, the purpose of a Will is to fulfil your wishes and ensure that your assets, finances and possessions are organised and distributed according to your preferences, for most people, this means looking after the people they love when they are gone.
In this article, our private client team take a look at some of the ways that creating a Will helps your loved ones.
1. Minimise stress at an emotional time.
A Will is designed to simplify the process for your loved ones and anyone who would have to make important decisions in your absence. A well-drafted and comprehensive Will leaves no stone unturned. This means there should be provisions for every aspect of your life, providing direction, guidance and clarity over your wishes and intentions. Furthermore, your executors and beneficiaries can be safe knowing that your wishes can be followed.
2. Provide clarity by nominating an executor.
Without a Will, your estate will be distributed according to the rules of intestacy, meaning the people you intend your belongings and finances to go to may not necessarily receive it. Therefore, when you create your Will, you will be asked to nominate an ‘executor’. You should carefully consider who you select as your executor, as they are responsible for ensuring that your estate is distributed to your beneficiaries according to the terms outlined in your Will.
If you do not choose an executor but have a Will, the court will choose this for you. This could mean that your executor is not someone you would have wanted.
3. Share your funeral arrangements.
Although the instructions you leave in your Will surrounding your funeral arrangements are not legally binding, providing some guidance and outlining your wishes can significantly benefit your loved ones should they be uncertain about what to do.
You might want to include an intended plot within a cemetery, the colour of your coffin or casket, your preferred funeral home, or your service type. In addition to including this information in your Will, it is also recommended to speak to your loved ones about your wishes to ensure they are aware.
4. Minimise the possibility of a dispute.
As with many family-centred matters, it is common for disputes to arise following a death, whether concerning inheritance, funeral plans or other matters. If you die without a Will, the chances that your family will dispute over your estate are greatly increased. Therefore, ensuring that your Will has provisions for everyone that you wish to benefit from your estate and that your assets, finances or property are appropriately considered is essential.
5. Security for the future.
Should you pass away without a Will (intestate), your estate could be allocated in a manner that does not align with your intentions. In such cases, blended families, including stepchildren and unmarried partners, have no automatic legal entitlement to any part of your estate. To ensure that your property, assets and finances are left to your partner, it is essential to make a Will, especially if you are not married or are in a civil partnership.
How do I make a Will?
It is possible to make a Will without the support and guidance of a legal professional; however, it is not advisable.
Find out the importance of a Will and how to make one here.
Wills Solicitor Richmond Surrey
At Jackson Longe Solicitors, our experienced Wills lawyers understand the importance of protecting your family and loved ones when you are gone. We have the knowledge and expertise to assist you in drafting and, where necessary, amending a thorough and complete Will tailored to your personal circumstances.
To speak to a trusted legal professional in Surrey today, please call 0208 332 2069 or email info@jacksonlonge.com.