Too young to make a Will?
Solicitor Katy Burgin talks about what age you should consider making a Will.
It is a common misconception that making a Will is something you should do as you get older. However, there are a number of reasons why you should make a Will now.
If you are living with someone, but not married, it is essential to make a Will otherwise they may get nothing. Unmarried partners have very little protection in law, the idea of a ‘common law partner’ has no legal standing.
Even if you do not have substantial assets or property you may still have important personal possessions you wish to leave to particular people.
If you die without a Will the law specifies how your assets will be distributed to family members in a fixed order. If you have no eligible family members your assets will go to the Crown.
If you have children, it is important to consider who would take care of them if both parents die. Stating your wishes in your Will can make it clear exactly what you would like to happen. It may also help to avoid disputes between opposing family members who would all like to help.
Many people have children from previous relationships. If you have remarried and have not made a Will, your children could miss out on their entitlement to the share of the estate you would like them to have. By making a Will you can ensure that both your current partner and your children are provided for.
If you do not make a Will you are increasing the chances of your estate being disputed by family members.
Making a Will does not have to be complicated. A professionally written Will can be surprisingly inexpensive.
At Norrie Waite and Slater a solicitor will meet with you to discuss your requirements and offer advice on any areas you may not have thought of. They will help you decide how your will should be drafted and also that you fully understand exactly what will happen. Their expertise will ensure you have peace of mind that your wishes will be carried out.
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