We cannot stress enough the importance of making a Will and the benefits they conclude.
Here are four reasons why you really should consider making a Will:
- If you die without making a will, you are then referred to as having died intestate.
If this occurs, in England and Wales the rules of 'Intestacy' define how your estate will be distributed. Therefore, your loved ones will have no power over the inheritance of your estate.
- Without making a Will, the process can be very time consuming and stressful. Especially, when your family and friends are emotionally drained from their bereavement.
- If you die without having any living close relatives, your whole estate will belong to the Crown or to the government. This law is known as 'Bona Vacantia'.
- We will establish an 'executor' nominated by you. An executor's duty is to organise your estate and follow the instructions left to them by your Will.
Basically, they will handle the transfer of your property, possessions and money. You may name several executors if you wish.
'Bona Vacantia' means vacant goods and is the name given to ownerless property, which by law passes to the Crown. The Treasury Solicitor acts for the Crown to administer the estates of people who die intestate (without a Will) and without known kin (entitled blood relatives) and collect the assets of dissolved companies and other various ownerless goods in England and Wales.
What happens if I don't make a Will?
In summary you need to make a Will today because it's really easy to do, cost effective and we do all the work for you.
And remember if you don't make a Will, your loved ones may be left with nothing.
So, stop procrastinating and contact us today. You will receive all the information you'll need in regards to making a Will.
Get your free information pack today or call us on 01630 436004.