Making a Will is the best present you can give your family
Did your New Year’s resolutions include planning for the future?
With February already flying by, you may have given up on, or even forgotten your well-intended plans. Do more exercise; eat healthy; take up a new hobby? What about preparing for the future and looking after your family?
A resolution worth keeping
With all the Christmas presents stashed away and the New Year festivities a fading memory, it’s worth re-visiting at least one of your resolutions.
A valid will is one of the best presents you can give your family.
We are calling on the 30 million* UK adults (according to Law Society research) who do not have a will to make legally drafting their final wishes top of the to-do list this year.
Do you have the most to lose?
You have the most to lose if you die without a will and are in an un-married, cohabiting couple.
ONS figures show more than one million** unmarried couples with dependent children are living in the UK. Recent changes to the intestacy rules strengthened the position of married spouses and civil partners, but left the position of cohabiting couples unchanged.
Intestacy is where the state decides who inherits if someone dies without a will.
Only partners who are married or in a civil partnership can inherit under the rules.
A little advice
Valerie Warner, head of the Private Client department at Wallace Robinson & Morgan solicitors said:
“For many people, caring for their family now and in the future is their main priority but they may not have considered the importance of having valid wills in place. We urge people to reflect on how your spouses, partners, children or wider family members would feel if you died and ample provision was not made for them.
“No one likes to think too much about their own demise, but ensuring your final wishes are made clear and legally recognised is the best gift you can give your family this year.
"As regards the preparation of wills, consumers need to be able to distinguish between firms or will writers who are unregulated, uninsured and untrained, and solicitors who offer a quality service.
Law Society’s Wills & Inheritance Quality Scheme (WIQS)
We are a member of the Law Society’s Wills & Inheritance Quality Scheme (WIQS), which provides a best practice quality mark for wills and estate administration advice that consumers can trust. For more details on the Law Society Wills and Inheritance Quality Scheme (WIQS), visit the website.
If you want some advice on planning for the future and making or updating your will, contact one of our expert private client department solicitors; Valerie Warner, Sarah Mochan, Ruth Nolan or John Padget on 0121 705 7571 (Solihull office) or 01564 774039 (Dorridge office). You can also email them on firstname.lastname@example.org
This article is for general information purposes only. It does not constitute technical, financial, legal advice or any other type of professional advice and is no substitute for specific advice based on your individual circumstances. We do not accept responsibility or liability for any actions taken based on the information in this article. For more information, please click here.