Do I really need a Will?
Do I really need a will, is one of the most common questions we get asked here at The Will guys.
Before we answer that lets look at a few factors that need to be considered.
You’re probably already aware that a Will can be a vitally important document and possibly one of the most important documents you’ll sign in your life. It can mean the difference between your family and loved ones, getting what is rightfully there’s in q quick and efficient manner, or being dragged into a long drawn out process. How can you know if you actually need a Will though?
Take a look through our simple, plain English guide below and if you have any questions or concerns please give us a call or send us a message using the contact form on our website.
You don’t have to be married – in fact even single people may need a Will!
If you’re married or in a civil partnership?
If you don’t have a Will in place your partner may not inherit all of your estate as you would expect them to. In cases where there is now Will, then the estate is split according to the laws of intestacy. LINK https://www.nidirect.gov.uk/articles/what-do-if-there-no-will
With a Will in place YOU get to choose who gets what, how much and when – not the laws of intestacy.
You’re not married but in a relationship?
With no Will in place, you would be viewed as both being single and so your partner would receive nothing.
What if you’re single?
With no Will in place the laws of intestacy would once again decide what happens to your assets and this may not be what you want.
If you have children
regardless of if you’re married or not, it can be vital to have a Will in place as it’s not only inheritance that is set out in your will. If there is no Will in place and both parents were to die, care of the children under 18 become the responsibility of the state. If you have a Will on the other hand, you can entrust your family or a close friend to take legal care of your children, by stating this in your Will.
What if you have children from a previous relationship? Depending on your relationship status now can dictate what happens. Don’t leave it up to the laws of intestacy, get a Will and state clearly how you want your estate divide and to whom.
If you own a property then it is important that your Will clearly sets out who is going to inherit your property and who you want to allow to live in it once you are gone.
We hope we’ve helped to answer your question, ‘do I really need a will’. If you need any further help or guidance on any of the topics we have touched on above, or this has raised any further questions, then please get in touch for an informal chat about your Will.CONTACT US NOW