Create your Last Will and Testament today
Many adults put off making a Will in the same way children put off eating their veg; we know it’s good for us in the long run, but it seems more appealing to ignore it and focus on nicer things. However, it’s no good pushing will planning to the side of your plate with the broccoli, as it’s something that needs tackling as soon as possible.
What happens if you die without a Will?
You know who the people most important to you in the world are, but can you expect those handling your property, possessions and money should the worst happen to know too? Unless you have a will, when you pass away you will be ‘intestate’ which means that your property and assets will be distributed among your relatives in accordance with the law.
Husbands and wives and civil partners are given precedence, followed by any children, then surviving parents and brothers and sisters then other relatives such as grandchildren, nieces and nephews and aunts and uncles. The laws of intestate don’t regard half brothers and sisters and nieces and nephews as the same as full ones, meaning if you would like them to be considered the same you need to name them in a will.
If a person has no surviving relatives the estate simply passes into the hands of the Crown, meaning it is owned by the Queen. While intestate may mean that your relatives are taken care of in the event of your death, it does not consider any of your other nearest and dearest who you may wish to leave something to.
The only way to guarantee that all of your assets end up exactly where you want is to make a Will.