Although many people understand the importance of having a valid Will in place there are still an alarming number of people who do not see the necessity. According to the charity Will Aid as many as 53% of people have never made a Will.
Ensuring that you have a valid and professionally drafted Will does not need to be a daunting or expensive task.
Throughout October Hunt Solicitors encourage everyone to take some time to consider making their first Will or reviewing the terms of their current Will. As a little incentive we are offering all clients half price Wills on all Wills made during the month of October.
To get all readers thinking about their own Wills we have answered some of the questions we would get asked on a regular basis.
Q. I have been living with my partner for many years will they inherit my property?
A. Unfortunately there are very few laws which protect a cohabitee when their partner dies. Irrespective of the nature or length of the relationship if you die without a valid Will in place your partner will not automatically inherit any of your property. There are legislative provisions which may allow them to claim an inheritance from your Estate however this can involve costly and protracted Litigation against your Estate. In fact married couples and Civil Partners do not automatically inherit your entire estate and could potentially end up having to share it with your children or other family.
Q. I made a Will many years ago surely it’s out of date?
A. A Will does not have an expiration date so regardless of when you made it the terms remain valid unless you have married or entered into a Civil Partnership since writing it. Keeping your Will up to date is as important as writing your first Will. Most people’s family life and circumstances change over time so it is important to keep a regular review of the terms to ensure they still reflect your wishes.
Q. I don’t have anyone to leave my money to so why should I make a Will?
A. Even if there is no one specific you would wish to benefit from your Estate having a valid Will in place will make dealing with your Estate on death easier. Without a Will your estate still needs to go somewhere so after the payment of any debts the remaining funds will be given to your next of kin. If your next of kin aren’t easily located your Estate needs to pay to track them down. Ultimately anything you do have could be distributed in a manner you wouldn’t want.
These are just a small sample of queries we are asked on a regular basis and we will discuss any specific queries that you may have during our consultations. All initial consultations are free and we can arrange to visit you at your home if you are unable to travel to our office.
Half Price Wills are only offered in October so contact our office now to arrange an appointment.