It’s time to write your will. If not now, then when? It can never be too early, but it can be too late. It is worth knowing that wills can be rewritten at a later date should your circumstances change.
Many people undervalue the importance of a will. Perhaps saying undervalue is the wrong term, but rather, they associate wills with dying, and would rather not talk about it.
Writing a will is the only control you have over your assets when you pass away. Don’t assume you know how everything you own will be shared when you go, because without a will, you won’t be there to decide that.
When a person dies without leaving a valid will, what they own must be shared out according to a certain set of rules known as the rules of intestacy.
For example, did you know that under the rules of intestacy, married partners or civil partners can inherit, but not someone you have been in a long-term relationship with? It doesn’t matter if you have been living together for 10, 20 or 30 years, but following the rules of intestacy, your long-term partner would not be eligible for an inheritance. However, writing a valid will would override this rule and would give you full control over how you want your property, money and assets to be shared.
For more information about writing a will, why not contact Scott Rees & Co to find out how we can help you? One of the big advantages of our will writing service is that you don’t have to meet us face to face to write your will. Everything can be done for you by email, phone or even an online webcam meeting should you prefer.