You have worked hard over a lifetime to accumulate property and assets. A will is the best way to make sure that everything you have worked so hard and long to acquire passes to your intended beneficiaries. According to The Guardian, only three in 10 people in the UK have a will. SCL Wills and Probate offers will writing services in London to help you make sure that your beneficiaries receive the assets you intend for them.
If you do not currently have a will or your will is out of date, you may want to contact a solicitor specialising in will writing services and wills for married couples. Browse through http://www.sclwillsandprobate.co.uk/ to learn more about the services offered by the wills and probate solicitors in London at SCL Wills and Probate.
Why it is Important to Have a Will in Place
There are many reasons to have a will. Your will informs your family members and other people in your life about what you want to happen to your money, property, assets, and other possessions in the event of your death. You can be sure that your property passes to the people you intend to have it and your family will be able to carry out your wishes. Your will can also tell your family about your other wishes, such as instructions for burial, cremation, or your funeral preferences.
A will makes it easier on your loved ones, both in carrying out your wishes and in the probate process. Losing a loved one is an emotionally devastating event. When there is no will in place, the entire probate process is more complicated and takes longer to resolve. Having a will makes the probate process easier and less time consuming for the people in your life.
In the absence of a will, the property and assets in an estate are distributed according to the rules of intestacy. These rules may not be aligned with your own personal preferences about what happens to your assets and property. If there are no qualified family members, assets may pass to the Crown. A will can prevent these things from happening.
When you have a spouse, children, or other family members depending on you for their care and support, a will is essential to make sure your loved ones are provided for, according to your wishes. If you plan to leave any money, property, or possessions to someone outside your immediate family, a will is necessary.
A carefully planned will can help reduce the inheritance tax that must be paid on an estate. Many people have successfully used wills to minimise taxes. There are a few methods that can be used for tax planning purposes. When making a will, be sure to ask your solicitor about ways to reduce the inheritance taxes that your beneficiaries must pay on your estate.
Creating a will is the best way to make sure your wishes are carried out and your assets go to the intended beneficiaries. Your family will have an easier time when they know what you want for your possessions, as well as any burial or funeral instructions. If you don’t have a will or it has been many ars since you last made a will, take the time to make sure everything is in place.