Why everyone needs a Will
A Will provides peace of mind – you know that your estate will pass to the people of your choice.
Here are just some of the reasons for making a Will:
- To provide for your partner, a specific relation, a friend or a charity
- To ensure your and your partner’s joint estate is shared between both of your families should you and your partner die together
- To enable the future running of your business
- To appoint guardians and trustees for your children
- To appoint willing and able executors
- To provide someone with a right to continue living in your home
- To protect your estate for your children from a previous relationship
- To ensure life insurance passes to the people of your choice
- To ensure your house can be retained by your family
- To protect your estate from the cost of residential/nursing care that you or your partner might one day require
- To save inheritance tax on your own or your partner’s estate
- To protect your estate from claims against your beneficiaries’ estates (eg on divorce/bankruptcy)
- To exclude a specific relation
- To compensate for any lifetime gifts you may have made
- To secure your pets’ future
- To avoid family arguments about who gets what