Why do I need to make a Will?

18th June 2021

Why do I need to make a Will?

At this present time there are approximately 7,000 unclaimed estates that are held by the Treasury Solicitor. That incredible figure is made up of estates where the deceased was either unable to or decided not to make a Will.

Where this happens, the deceased is referred to as having died intestate.  There is then an order of priority to share in an estate.

This may therefore mean that distant relatives or relatives you no longer are in touch with could be entitled to a share of your estate.

It is therefore very important to make a Will as you can then control who receives your estate.  In cases where you have no immediate family then you can leave your estate to friends or your favourite charities.

Some people believe that they must have a certain amount of money before they have to make a Will.  This is however not the case.  If you have any monies or particularly property i.e. houses it is very sensible to have a Will in place.

Also, the benefits of making a Will are that you can provide financial security for loved ones.  You can also make gifts of possession and money.  If your estate is taxable our qualified lawyers can advise you of the best options.  It also helps avoid concerns where there are minor children and no guardians have been appointed and help limit family disputes.

There is always a reason to put off making a Will but once that first step has been made to contact us, we will be able to help and guide you through the process and hopefully give you peace of mind that your affairs are all in order.

We are able to offer fixed fees in many cases so contact us on 01473 211121 to make an appointment or email enquiries@gotelee.co.uk.

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