Pothecary Witham Weld Solicitors

Saturday 4th February 2012
You are here  : Home Private Client Why make a Will?
Why make a Will? Print

If you do not make a will the law decides what happens to your estate and this may not be what you expect or intend. You may also fail to take advantage of possible tax planning opportunities and your estate could incur more tax as a result.

Where there's a will...

...YOU are in control which means that in the event of death the future of your family is in your hands. YOU name your Executors, the people who deal with all the paperwork and procedures. YOU decide who should inherit your estate. YOU can arrange special bequests to specific people. YOU can appoint a guardian if you leave any young children. YOU can set up trusts for your children. YOU can arrange your affairs to ensure that tax liabilities are minimised. YOU can decide what type of funeral you want.

Where there isn't...

...the Law is in control and what it says might not be a reflection of your wishes. For instance, did you know that:
• If you are married, your husband or wife does not automatically inherit the whole of your estate.
• If you and your partner live together but aren't married the Law favours relatives over a non-married partner.
• Step-children are not entitled to inherit.
• Friends and charities do not benefit. There may be additional Inheritance Tax to pay.