Why now is a great time to review your Will
2016 will long be remembered as a year which saw a number of historically significant events take place, many of which will have long lasting implications both at home and abroad. There may also have been changes to your life which could immediately impact on the validity or relevance of your Will and any other estate planning documents that you have already created.
You should review your Will regularly to make sure it still reflects your wishes, such as adding or removing beneficiaries if you change your mind regarding who you wish to inherit your estate. You will also need to update your Will if you get married, enter a civil-partnership as a Will is automatically cancelled by these events.
If you haven’t already written a Will, then you’re not alone; it is estimated that two-thirds of the UK adult population have no Will. Unfortunately, without one these people have no say in what happens to their estate when you die.
Regardless of your age or health, it is important to plan ahead particularly if you own a property or have savings, investments, insurance policies or own a business.
If you die without having made a Will, the Government has one for you! The Rules of Intestacy apply to your estate, and will divide your estate in a pre-determined way, and regardless of whether you are married, in a civil-partnership or have step-children, this could result in your assets being distributed to family members that you would not have chosen to inherit from your estate.
Heir Tight Wills write to all their clients every 4-5 years of drafting their documents, to remind them of the need to review their Wills, with a Free Will Review. I you don’t have a Will or your circumstances have changed and your Will hasn’t, please CONTACT US for a FREE Consultation to discuss writing or updating your Will & estate planning provisions, or call Rachael Rodgers on 0845 519 7585.