There are several good reasons to make a will today without any hesitation. Some of these reasons are well-known by the general population, yet thousands of people go through decades of their lives without taking this important step. For example, many people understand they will be able to control the distribution of their assets (real estate, personal possessions) by stating their wishes clearly in a will.
However, they don’t put those wishes in writing, generally using some excuse such as, “I’ll get around to that eventually.” Unfortunately, many people die without working with a legal expert to produce a will, and the fate of their valuable possessions is decided without their input. By some estimates, more than half of the citizens of the UK don’t have a will, which ultimately means delays, missed bequests to those who survive, and less value in the estate because of a heavier tax burden.
Laws – A Century Old
Some of the laws governing how the courts and the government will handle your estate are almost a century old. This alone can make a major difference in how your estate is handled, simply because these laws don’t reflect the current status of society and relationships. If you’re not married or in a civil partnership, your partner does not have the legal status that would entitle him or her to anything when you die.
Did you know that if you die with no close living relatives and no will, your estate belongs to the government? However, you don’t have to leave your life of valued possessions to chance and the Crown. When you work with professionals like the will writing company in Norfolk, you choose an executor, someone you trust to carry out your wishes. You can select someone who will decide where your money goes, and how your property is disbursed. These professionals also oversee funeral arrangements so they can move forward as instructed. Making sure your decisions are stated clearly in a will also means you can have input in regard to the future of any children under 18, minimising the impact of an inheritance tax.
Start Your Journey
Visit the website of one of the leading providers of will-writing to learn more about the essential services offered. If you want to talk with a representative to discuss details further, you should definitely call soon to have that conversation. You may want to ask if they offer home visits in your area, a great idea for talking about such an important subject face-to-face with an experienced specialist. This conversation gives the consultant an opportunity to explain the process and gather the necessary information before taking your instructions to trained will-drafters. In many cases, this entire process can be completed in 30 working days or less, unless there are some special circumstances involved. While thousands of individuals simply overlook or postpone this detail, you can put your specific wishes in writing with the help of a trained and experienced professional. The best advice would be to do it sooner rather than later.