More than half of the UK’s population die without having a will in place which unfortunately means that many families lose out on thousands when their loved ones pass away.
If you do not have a will in place, the following may happen:
- If you are not married and not in a civil partnership, your partner is not legally entitled to anything when you die.
- If you are married, your husband or wife might inherit most, or all of your estate and your children might not get anything (except in Scotland). This is true even if you are separated but not if you are divorced.
- If you have children or grandchildren, how much they are legally entitled to will depend on where you live in the UK – but if you make a will you can decide this yourself.
- Any Inheritance Tax that your estate has to pay might be higher than it would be if you had made a will.
- If you die with no living close relatives, your whole estate will belong to the Crown or to the government. This law is called Bona Vacantia.
Get a Professional to Draw up Your Will:
Hiring a professional to write your will helps you avoid common problems that could make your will invalid when you die.
Why you should take out a will?
With 30+ years’ experience, plan and prosper are more than equipped to assist our customers’ with estate planning, whether you are wanting a will for the first time or whether you wish to update your existing will. At Plan and Prosper we are aware of the importance of instructing professionals to deal with these matters. Our team of professional Will writers and Paralegals will make this process easy and simple.