We get told all the time how clients have been putting off making their will, things get in the way and the hustle and bustle of life takes over. We’ve certainly been there too.
The start of a new year is a great time to think about the things you want to accomplish but have been avoiding. It’s time to tick off some of those new year’s resolutions of the list that just keeps growing.
So, how’s about you start with ticking off the most important one… protecting your biggest asset, your family, and your legacy.
There’s an endless list we could give you stating all the benefits of creating a will, but what is often overlooked is the impact of leaving your family and loved ones with the stress and pressure of having to deal with your estate once you’ve died.
This becomes especially important if there are inheritance tax consequences or your will hasn’t been updated or written properly, potentially leaving family members thinking they were entitled to certain assets only to find out they aren’t.
Have you ever thought about what might happen if you die without a valid will in place?
The term for this is dying ‘intestate’. This means the law of intestacy determines who gets what and importantly, how much they get. Most people think their spouse would just automatically receive the whole of their estate, but this might not be the case (depending on how much your estate is worth upon your death of course).
Dying without a will may also mean those closest to you in fact aren’t provided for by law, the likes of unmarried partners, stepchildren, friends, and charities.
Creating a will doesn’t need to be as difficult or as morbid/scary as you think. Get in touch today to discuss how we can get protect your family and your legacy should the worst happen to you.
If you would like more information about any of the topics mentioned above, please contact one of the team at AKORN Legal on firstname.lastname@example.org or 01254 584330 or visit the website www.akornlegal.co.uk