Why Make a Will?
Every individual over the age of 18 should have a Will, whether they are rich or poor, male or female, single or married. Here are some of the reasons why:
- A family can suffer acute financial hardship because of the delays in dealing with the estate of a person who has no Will. These delays can often run into YEARS!
- The estate of any person who died as a result of an accident will almost certainly benefit from a substantial court or insurance claim, much (or all) of which could go to the wrong people where there is no Will.
- Thousands of small heirlooms and treasures are lost to the auction rooms every year because no one can decide who should have them. Your Will protects your heritage.
- Banks, Building Societies and Insurance Companies hold millions of pounds belonging to people who are almost certainly dead - because their families are not aware it exists.
- Family arguments nearly always arise over who should get personal belongings and what type of funeral should be arranged. It is unfair to thrust these decisions upon a grieving family.
- Millions of pounds are unnecessarily paid in inheritance tax (death duties) because a Will has not been drawn up.
- Hospitals lose the opportunity to make use of valuable organs for transplant because no one is sure of the wishes of the deceased person.
- Most people would rather their money went to a charity than to the taxman if they have no one to leave it to. This can only happen through a Will.