Death is one of those subjects people have difficulty talking about. When this is discussed in conjunction with money it becomes doubly difficult. However writing a will is something that needs to be done sooner rather than later and below are five reasons why it should be done as soon as possible.
Staying in control
Simply put writing a will allows you to decide who or what gets support after you die. There is the risk that if you are not married your partner may miss out on money. As well as being able to say who inherits you are also free to put your reasoning behind it (something that can potentially reduce disputes later on).
Looking after your children
Making a will allows you to clearly state who will look after your children in the event of your death. This is something that needs to be considered and something that should be discussed so that you can be rest assured that they can be properly looked after.
Do you have a charity that you want to see supported? Do you believe a friend will appreciate an item of sentimental value more than a relative? You can do this with specific instructions so that people know
Name an executor
How can you be sure that your instructions will be properly followed? The best way to do this is by naming someone you trust to follow your instructions.
One of the biggest problems with not leaving a will is that it can lead to arguments. People may quibble over how much an item is worth or whether or not they are entitled to it. It may sound strange reading this now but the things you own could be the things that lead to disputes. This is why it is vital to continually update your will- both in terms of who will inherit and what they could inherit.
Yes it is safe to say there are templates available where you can write up a will. Where this becomes complicated is when people pick holes in it, looking for potential legal issues. It may sound sad because you want to believe that friends and family will trust and respect your wishes but wills can lead to potential complications. The fact is this is something that you need to be aware of and need to ensure that every detail has been carefully thought of.
While the process of writing a will isn’t hard it is still recommended you seek the appropriate legal advice. We believe in being “big enough to specialise, small enough to care.”
With wills this is especially important- contact us today and we can help you get the information you need and the guidance to write a will that can allow the people you want to benefit and to allow you the peace of mind of knowing that you have sorted this out when you need to.