The effects of coronavirus on your legal rights and our service.

Complete the form below to ask us a question or make an enquiry. We’ll get back to you via phone or email as soon as possible.

Insights

5 reasons to make a Will

Posted on 05th October 2021 in Probate & Wills

Posted by

Gráinne Staunton

Partner and Solicitor
5 reasons to make a Will

Why make a Will? It is important for you to make a Will, not matter whether or not you consider you have many possessions or much money. Here we set out five main reasons why it is essential to make a Will.

 

1. Provide for your loved ones

Making a will is the only way to ensure that your assets are distributed as you would wish after you pass away. This is particularly important if you have loved ones that you want to provide for.

If you pass away without leaving a will, your estate will be distributed in line with the laws of intestacy. The intestacy rules do not account for modern family structures or take into account your personal circumstances. As a result, if you wish to provide for children, stepchildren, a partner that you live with or any other person it is essential that you make a will to reflect your wishes.

 

2. Leave a gift to charity

Charities in the UK rely on gifts and donations to survive. If there is a particular cause or charity you believe in, you may wish to consider leaving them a gift in your will.

 

3. Protect your assets

A big part of the will-making process involves estate planning and protecting your wealth for future generations. When you make a will, you can structure your estate in a way which is tax-efficient and ensures you leave behind as much as possible for your loved ones.

 

4. Avoid family disputes

No one likes to think that their family will become involved in a dispute, but a death in the family is a highly sensitive time. If it has not been made clear who you wish to inherit from your estate, or where an important person in your life has not been provided for, you may be leaving your loved ones in a difficult situation. In the most challenging cases, court action may be necessary to secure provision for dependants which can be costly and a long process. The best way to protect your family from potential disputes is to draft a will and discuss your wishes with them.

 

5. Choose the people you trust to handle your affairs

In your will, you can set out who you wish to be the executors of your estate. You should choose people you trust, but also those most capable of carrying out the role. For example, you may need a digital executor to manage your digital assets and online accounts, so this should be someone who is confident with technology.

 

How can Tozers help?

For help and advice on putting a Will in place, or amending a current Will, please contact our dedicated Wills and Probate team, who will be happy to help.

Contact our legal experts


 

Paper plane

 

Get the latest news straight from our legal experts.

Subscribe to our newsletter to recieve current, dedicated, suppport and guidance from our solicitors straight to your inbox, wherever you are.

Company & Industry

Related Insights

Insights

Statutory Wills

Posted on 27th June 2022 in Probate & Wills

A marriage can be held to be voidable under the Nullity of Marriage Act 1971 where a person enters into a marriage without the mental capacity to do so.

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive
Insights

What happens if you do not make a Power of Attorney?

Posted on 16th June 2022 in Probate & Wills

Are you thinking about appointing someone to help with your affairs, either now or in later life? Are you worried about what might happen if you are no longer able to deal with things yourself? It may be a relief to know that there are options available, if you do lose the capacity to manage your affairs yourself or simply feel that you need a helping hand.

Posted by

Emma Ruttley

Solicitor